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BasisDollarBasisDollarby0x20eeA03DcEF4241Da6B11471dc31f031152EFf7c0x20ee…Ff7c

BDIP04 - Reconsidering the max expansion percentage

Voting ended about 5 years agoSucceeded

The current max expansion cap of 4.5% (9% when the protocol has debt) was set to ensure healthy growth of the protocol while avoiding unnecessary over minting $BSD since we have a fixed low emission of $BSDS.

Nevertheless, the community might feel the need to have higher and faster expansion at the beginning. For comparison, BAC has no limit on expansion and, grew from 50k $BAC supply to 56.7M $BAC supply after a month. ESD had a force expansion of 10% per epoch (which is 33.1% daily) for the first 30 days.

While we feel that we couldn't afford unlimited expansion, we understand the need of the community. Hence, the proposal will be put to vote according to the community's wishes:

A) Continue the 9% forced expansion for a further 14 epochs (7days) B) Continue the 9% forced expansion for a further 28 epochs (14 days) C) Expansion of min(BSD - 1, 4.5%) means no change D) Expansion of min(BSD - 1, 9%) for a further 14 epochs E) Expansion of min(BSD - 1, 9%) for a further 28 epochs F) Expansion of min(BSD - 1, 16%) for a further 14 epochs G) Expansion of min(BSD - 1, 16%) for a further 28 epochs

This proposal will be set to vote for BSDS stakers at Seigniorage Stake and BSDS LPs at DAI and USDC pool.

Off-Chain Vote

A
120.48 7%
B
38.28 2.2%
C
180.25 10.5%
D
138.24 8%
E
153.07 8.9%
F
748.1 43.5%
G
339.57 19.8%
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Timeline

Dec 30, 2020Proposal created
Dec 30, 2020Proposal vote started
Dec 31, 2020Proposal vote ended
Oct 26, 2023Proposal updated