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MahaDAOMahaDAOby0x0d05Cb5572dD5dD93344566728a11B6A758bded60x0d05…ded6

Allow Bond Redemption to be vested and pooled

Voting ended about 5 years agoSucceeded

The current system allows for the protocol to be manipulated by bond holders in such a way that the moment the bonds become available for purchase, bots immediately redeem as many bonds as possible with a high gas price and further whales that do hold bonds; dump right away hence making it harder to cross the1$ mark.

AIP1: https://discuss.mahadao.com/t/aip1-vest-bond-redemption-rewards/20/12

AIP1 suggests that we vest all bond redemption rewards so that there is no dumping that happens the moment the bonds are made available

AIP3: https://discuss.mahadao.com/t/aip3-automated-bond-redemptions/35/8

AIP3 suggests that bonds redemptions should happen as a pool; Pooling allows redemptions to happen in a more fairer way and further removes the chance of having gas wars since it is no more a First-come-first-serve model.

Off-Chain Vote

Approve AIP1 & AIP3
21.18K 90.8%
Approve AIP1 only
2.13K 9.2%
Approve AIP3 only
0 0%
Reject both
0 0%
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Timeline

Jan 30, 2021Proposal created
Jan 30, 2021Proposal vote started
Jan 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated