Our first governance proposal is about the future of the fBOMB project. The team has carefully discussed the options we have considering the Fantom ecosystem's capabilities. We managed to select two possibilities:
- We're looking at either extending the lottery so that it can be played with several different tokens using Chainlink price feeds (tokens will be added as feeds are available - see https://docs.chain.link/docs/fantom-price-feeds/) and have a small fee for playing, for covering LINK costs and the rest for fBOMB buybacks. The lottery would only be available after Chainlink's Verifiably Random Function is released on Fantom mainnet, which is expected to happen in the near future.
- We're looking at launching a DEX with a new token called Shrapnel with the highest emission pool being FTM / fBOMB. 0.19% fees with providers getting 0.15% and 0.04% going to buy back in equal portions fBOMB / Shrapnel. Shrapnel will have no supply cap but will have extremely low emissions (e.g. 1 per hour). Development would begin immediately and deployment would occur as soon as possible.