LIP-002 : 5 days buy-back

During the last market turmoil we decided to introduced a 4 day buy-back period during which the yields in BOO, SPIRIT and SPELL would be used to buy back LQDR and distribute the full amount to xLQDR holders. To some extent we could argue it helped us retain TVL by stabilising the price against FTM.

We suggest exercising another 5 days buy-back period starting Tuesday November 30th to support the price for the coming week and help us retain TVL. This essentially means xLQDR holders would receive the usual LQDR rewards from emissions + 100% of the LQDR that were bought back. Once the buy-back period ends, we would resume the usual distribution with LQDR, BOO, SPIRIT & SPELL.