$BEND Token Burn, Lender Rewards, and Buyback Strategy

I’m proposing a three-part strategy to stabilize the $BEND token, boost lender activity, and rebuild confidence post-Azuki crash. This leverages the community’s input and aims to address our current challenges with bad debt and low engagement. Below is the detailed plan: Treasury BEND Token Burn (30-50%) Action:

Burn 50% of the $BEND tokens held in the treasury over 5 months (e.g., 10% monthly burns):

• Execution: Announce the burn schedule publicly via Twitter, Discord, and a blog post. Execute burns transparently, sharing transaction hashes to verify.,
• Purpose: Reduce circulating supply to support token value and create a marketing event to restore community trust.

Reintroduce Lender Rewards:

• Action: Offer $BEND rewards to lenders for a 3-month trial period to drive lending activity.
• Structure: Fund via protocol fees like before.
• Execution: Promote heavily across socials and NFT communities to attract new and returning lenders.
• Purpose: Incentivize lending to increase platform liquidity and engagement.,

Buyback and Burn Program:

*Action: Allocate 20% of protocol revenue (e.g., lending fees) to monthly $BEND token buybacks, with immediate burns of purchased tokens.,

• Execution: Conduct buybacks on open markets, announce each event, and share burn proofs to maintain transparency.,
• Purpose: Create consistent demand for $BEND, further reduce supply, and tie token value to protocol performance.,

Implementation Notes:

• Timeline: Start the treasury burn and lender rewards within 1 month of approval, with buybacks beginning once revenue stabilizes (est. 2-3 months).,
• Transparency: Regular updates (e.g., monthly reports) on burns, rewards distributed, and buyback progress via Discord and Twitter.,
• Monitoring: Track lending volume, token price, and user growth to assess impact and adjust (e.g., tweak reward rates or burn pace).,

Impact Assessment:

• Potential BenefitsIncreased Lender Activity: Rewards can attract new and returning lenders, boosting platform liquidity. A 10-20% increase in lending volume is possible if marketed effectively.,
• Token Value Support: Burning 50% of treasury tokens and ongoing buybacks could reduce circulating supply by 20-35% over 6 months, potentially increasing BEND’s price if demand holds.,
• Community Confidence: Transparent burns and rewards signal proactive governance, likely improving sentiment among token holders and users., Marketing Buzz: Public (twitter & discord) messages of burns and buybacks can draw attention from NFT and DeFi communities, potentially onboarding new users.,

Potential Risks:

• Treasury Depletion: Burning 50% of BEND tokens reduces flexibility for future needs (e.g., partnerships). Mitigated by spreading burns over months.,
• Reward Costs: High reward rates could strain finances if lending revenue doesn’t grow. Mitigated by a 3-month trial and fee-based funding.,
• Market Volatility: Buybacks may not lift token price if broader market sentiment remains bearish (e.g., ongoing NFT market weakness). Mitigated by tying buybacks to revenue.,
• Execution Risk: Poor communication or delays could dampen community support. Mitigated by clear timelines and regular updates.

Voting: Voting Quorum: Approximately 40M veBEND (10% of the total supply). Pass Rate: Over 70% approval. The voting will last for 10 days.