FORT-0004: Addition of AVAX-FORT LP, MIM-AVAX LP, and TIME bonding options

Fortress DAO proposes to add three new bonding options for minting FORT:

• AVAX-FORT LP bonds
• MIM-AVAX LP bonds
• TIME bonds

Adding each bonding option will provide unique and distinct benefits to Fortress DAO.

AVAX-FORT LP bonds

Currently, the only protocol-owned liquidity owned by Fortress DAO is in the form of MIM-FORT LP tokens. Expanding protocol-owned liquidity to include AVAX, the Avalanche chain’s native token, provides substantial incremental advantages:

• Improved end-user experience by allowing trades to directly utilize or route through AVAX
• Deep, protocol-owned liquidity for FORT and correspondingly improved price stability

Although owning AVAX-FORT LP comes with a corresponding risk of impermanent loss, the Fortress DAO team believes that both AVAX and FORT are undervalued at current market prices, reducing the negative impact of any impermanent loss.

MIM-AVAX LP bonds

With the growth of MIM as the dominant decentralized stablecoin on Avalanche chain, possession of a share of the Trader Joe MIM-AVAX liquidity pool allows Fortress DAO to capture part of the LP fees every time a user swaps between the chain’s native token and MIM. With the growth of the Avalanche ecosystem, the Fortress DAO team anticipates that these bonds will bring substantial value into the Fortress DAO treasury over time.

TIME bonds

Adding single-asset TIME bonding would naturally allow Fortress DAO to accumulate treasury reserves of TIME, the decentralized reserve currency upon which Wonderland is based. Wonderland is one of the most successful projects on the Avalanche chain, with tremendous growth in market capitalization over the last two months.

Despite this growth, however, the Fortress DAO team views Wonderland as undervalued given their substantial plans for future growth, strong track record of timely execution, and effective leadership by Daniele Sesta. We also hope to generate substantial value for Fortress DAO as well as for the Avalanche ecosystem in general by deepening cross-project ties on the Avalanche chain.

Any TIME accumulated in the Fortress DAO treasury will be periodically staked through Wonderland in return for MEMO.