Use all funds in the DAO to purchase BSD during the current contraction cycle.

This proposal has been discussed in Telegram and Discord, and has been shared as Updated BDIP Pre-Proposals.

The current contraction cycle is the 1st contraction cycle, and there is a non-zero risk that it leads to permanent depletion of the community (especially as there exists multiple alternative algorithmic stablecoin forks that the community can participate in).

The DAO has 69,015 USDC and 59,638 DAI, as evidenced by https://etherscan.io/address/0x46262af08d6b795efb08b4a6e486208f889e0c60

These funds can be used to implement purchases of BSD to take us out of the present contraction phase.

How would this be implemented? (Mechanism of implementation)

Step 1: Use all the USDC and DAI in the DAO to purchase BSD up to the price of $1 (post-slippage) from the market, subject to the following conditions: (i) Purchases using USDC and DAI are made every 30 minutes. (ii) Maximum of 1% slippage on each pair.

Step 2: Where there is availability of bonds to purchase, exchange all BSD in the DAO to bonds.

All BSD not exchanged for bonds is retained in the DAO.

Advantages of this proposal: (1) No user funds are being used to take us to $1. Only DAO resources being used. (2) There is $1m worth of BSD in the pools. $138k in buying pressure from the DAO represents 13.8% of all BSD.

Disadvantages of this proposal: (1) Markets naturally/should front-run DAO purchases. However, this is ok, as it means both the market and DAO working hand-in-hand to take us back to $1. (2) DAO resources are limited and will be used for this exercise.