LODE bond market on Bond Protocol and Bond campaign for audit

Lodestar Finance's launch was funded back in October 2023 with a public sale valued at $2.5 Million FDV, caped at 2500 dollars per wallet.

Since then, the DAO has spent a share of the raised funds for the protocol's first audit with Solidity.Finance and built a treasury made of Protocol Owned Liquidity (POL) deployed on Camelot (ETH-LODE LP). As shown in the emission schedule, LODE tokens are also emitted and vested linearly to the DAO's treasury following the emissions schedule https://docs.lodestarfinance.io/tokenomics/lode

The DAO's treasury can be found at the address below and its deployment is governed by the community, through forum proposals and Snapshot votings: https://debank.com/profile/0xed093f9720b2507c9b54fc117ecb2618910734dd

As we are working toward auditing the staking module, but also for future developments of the protocol, the DAO will be in need of USDC for general operational expenses or bigger initiatives such as audits.

These last weeks, the team has held multiple meetings with top leading audit firms in the industry, in order to quote and discuss about the audit of the staking module code base, as well as the re-audit of the most sensitive code already live.

After careful consideration, the team has chosen to work with Halborn, as the services they offered coupled with the quality of their review is aligned with our security-focused vision.

The aim of this proposal is to open a $LODE bond market on Bond Protocol, allowing the DAO to sell the tokens held in its treasury at a discount and vested over a fixed period of time (usually 3 weeks). These bond initiatives will be fixed in time and amount and dedicated to a specific funding need, such as the one accompanying this proposal: Funding an audit.

LODE tokens would be sold in sequential dutch auction markets (SDA): the bond price would decrease (discount increase) until a buyer purchases the token.

This allows for a price discovery while working on a first come first served basis. With the release of staking and its mechanics, we believe that it is the right time to emit these bonds as one would want to accumulate LODE at a discount to govern LODE emissions in the markets or earn ETH yield.

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Vote Yes if you: Approve the launch of a bond market on Bond Protocol Approve a first bond emission from the DAO's treasury, valued at $75,000 to fund the protocol's audit with Halborn

Vote No if you are against it