CIP034 - OtterClam DeFi Overhaul

Otto King and Abtheo have been working on a major overhaul for the DeFi side of OtterClam. It would change our protocol drastically, but we believe it would allow us to be more profitable in bear market conditions, while also boosting the value of CLAM. The idea is to turn CLAM into a sort of ETF token, where stakers are rewarded directly from treasury revenue.

Here are the main characteristics:

1. Fully stop the rebase system and distribute treasury revenue using stablecoins (likely USD+)
2. Remove the pearl chest locking system, unlock all chests, and return to staking only
3. Treasury revenue distribution: a. 40% of the revenue sharing to stakers in the form of a stablecoin like USD+ b. 30% to compound the revenue to continue to increase the rewards in the long-term c. 30% fee to DAO wallet for support development and operations (may lower in the future)
4. Provide an auto-compounding vault to let users compound their USD+ rewards into CLAM (bought off the market with the USD+)
5. Charge a 1 % CLAM fee (which would be burned) if withdrawn from staking pool within 30 days
6. The DAO wallet will stake all currently held CLAMs to earn the stable reward for the future development and operations Additionally, the bonding system would return, allowing investors to purchase discounted CLAM for other assets that would go to the treasury for more revenue. Primary Impacts of this:

• the ONLY new CLAMs in circulation would come from bonding. That, plus the new burning mechanisms listed above (and Ottopia's burn mechanism that is already in effect) could potentially lead to CLAM becoming a deflationary token. You can imagine what impact this would have on price as our circulating supply is low as it is.
• With a return to liquid staking over pearl chests, stakers could expect something around 40% APY in the form of USD+ rewards as it stands now. This should increase with bonding once again active, and new money flowing into the treasury. Either way, in a bear market, we believe that the pearl chests are a barrier to people jumping into the protocol. 40% APY in a liquid asset is preferable to 90% APY in a 6 month lockup, from an outsiders perspective. The goal is to attract new investors, not frighten them off.
• If users want to receive rewards in CLAM instead of USD+, they can opt into the autocompounding vault, which not only gives them CLAM instead but also benefits the protocol by buying back CLAM with their USD+