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BasisDollarBasisDollarby0xF8E802f5adE72D09a601cebD027d00779f5f8C2B0xF8E8…8C2B

Alt. BDIP10a: Reduce allocation to seignorage, focus on bond redemption when BSD > $1.

Voting ended about 5 years agoSucceeded

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.

Off-Chain Vote

YES: Speed up bond redemption.
426.34 40.1%
NO: Keep existing system.
636.03 59.9%
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Timeline

Jan 10, 2021Proposal created
Jan 10, 2021Proposal vote started
Jan 12, 2021Proposal vote ended
Oct 26, 2023Proposal updated