[OIP 1: Proposal to bond xBTRFLY]

DiamondDAO will list bonds for Redacted Cartel’s token, xBTRFLY. This would allow users to deposit xBTRFLY in return for discounted DMND.

Snapshot Period

The polling process begins now and will run for at least 48 hours (ending Jan 9 2021 at 3 pm EST). If passed, xBTRFLY bonds will be available as soon as possible.

For: Approve xBTRFLY bonding

Against: Do nothing

Why bond BTRFLY?

Redacted Cartel is budding DeFi diamond. Adding xBTRFLY to the treasury gives us instant exposure to multiple DeFi diamonds like CRV, CVX, and OHM. We’ll bond xBTRFLY instead of BTRFLY in order to earn staking rewards.