This is a variation of the proposal here https://gov.basisdollar.fi/#/basisdollar.eth/proposal/QmfQqx8sCfw8Mzq9K2KVnew3MvwFeBZ8V6z6Ss3hew6m23
In the above proposal, we were proposing modifying the seignorage during expansion (where there is system debt in excess of treasury) from 65% redemption 35% seignorage to 20% redemption 80% DAO
In this proposal, we are proposing modifying the seignorage during expansion (where there is system debt in excess of treasury) from 65% redemption 35% seignorage to 100% redemption 0% seignorage This is IDENTICAL to the approach taken by Basis Cash.
When treasury > system debt, we are back to the usual 100% seignorage 0% redemption.
The effect of this proposal is to remove the potential flooding of BSD onto the market from seignorage stakers.