BDIP02 - BasisDollar Improvement Proposal 02

The initial parameters of the BasisDollar project are chosen following the successful model of another project. And we believe it will have a long-term effect on the project.

Note that all these parameters could be changed later with the community's votes as we don't implement them as fixed parameters. Under the initial rule, if BSD price > 1$ when epoch changes, and if there are no Bonds exists (supply($BSDB)=0), Treasury contract will mint 4.5% more BSD of the total supply (at first seigniorage, it's 500k $BSD). If Bond exists and greater than BSD in Treasury (the protocol is in debt phase), Treasury contract will mint 9% more BSD of the total supply.

There are concerns from the community for not enough incentive when expansion happens. We might revisit the initial rule-following another successful project. Instead of checking BSD price, we could enforce first X epochs as an expansion with 4.5% or 9% maximum.

We ask the community to vote FOR, and all qualified voters are LPs at BSDS pools (BSDS-DAI and BSDS-USDC pools).

1. No change at all
2. 6 first epochs with 4.5% max expansion
3. 6 first epochs with 9% max expansion
4. 14 first epochs with 4.5% max expansion
5. 14 first epochs with 9% max expansion

Note: Option 2 and 3 could be extended to 14 epochs (7 days) or more according to the community's proposal. Reference: ESD has this bootstrap period for 90 epochs (30 days), DSD has it for 152 epochs (12.6 days).

Example to explain the proposal: Vote for 1: When seigniorage happens, if BSD price is lower than 1$, the expansion will not be happening, BDIP-01 doesn't benefit LPs.

Vote for 2: Whatever the price is, the protocol will keep expanding the BSD total supply by 4.5% for each epoch until 14 first epochs are over (22500 $BSD for first epoch). The expanded $BSD will be given to stakers and LPs according to BDIP-01.

Vote for 3: Same as option 2, but with 9% expansion.