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BDollar.FiBDollar.Fiby0x00008051a77eBC7e04ACe5b8d268D93EEA82fe900x0000…fe90

BDOIP01 - bDollar Improvement Proposal 01

Voting ended about 5 years agoSucceeded

As the project is growing, for $BDO to match $sBDO supply and market cap, we would like to execute a community vote to change some parameters for a better performance.

According to the initial rule, if $BDO price > 1$ when epoch changes, and if there are no Bond ($bBDO) exists, Treasury contract will mint 3% BDO base on the total supply (at the first seigniorage, it's 210k $BDO). If the protocol is in debt phase (Bond exists and greater than $BDO in Treasury), Treasury contract will mint 4.5% more $BDO of the total supply.

This initial rule can be revised and instead of checking BDO price, we could enforce the first X epochs as an expansion with 3% or 4.5% fixed.

We propose the community to vote FOR, and all the qualified voters are LPs at sBDO/BUSD pool.

Reference: ESD has this bootstrap period for 90 epochs (30 days), DSD has it for 152 epochs (12.6 days).

A. No change B. 28 first epochs (1 week) with 3% expansion C. 56 first epochs (2 weeks) with 3% expansion D. 28 first epochs (1 week) with 4.5% expansion E. 56 first epochs (2 weeks) with 4.5% expansion

Off-Chain Vote

A. No change
0 0%
B. 1 week - 3% expansion
0 0%
C. 2 weeks - 3% expansion
0.03 0%
D. 1 week - 4.5% expansion
63.62 92.6%
E. 2 weeks - 4.5% expansion
5.09 7.4%
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Timeline

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