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RuGenerous DAORuGenerous DAOby0x94d9A6Fb3B504Fd3c51503a593Ed5979cC4338440x94d9…3844

RIP #13 - Making negative bonding more attractive

Voting ended about 4 years agoSucceeded

To make negative bonding attractive, I propose hyperstaking (4,4) bonding for any negative bond rates.

What is 4,4?

I believe the first people to implement 4,4 were Hectordao an Olympus fork on Fantom. (app.hectordao.com) Read this if you would like more information on 4,4 (https://docs.hectordao.com/using-the-website/4-4-bonding)

Simply put - 4,4 is similar to 1,1 - However, bond rewards are paid straight into the steaked token. Allows them to compound as they are vested.

Introducing 4,4 for negative bonds may make it more attractive and potentially profitable to bond when it is negative due to not having the rebase warm up.

More people bonding at negative rates can help us maintain high APY rewards, bolster our treasury and raise the backing.

I'm unsure if these bonds would need to be limited to prevent extreme dilution due to them return bond rates to the positive and not being available on positive bonds (we could allow in the future if the BCV is increased?)

Off-Chain Vote

GOOD IDEA
2.34K 82.1%
BAD IDEA
510.47 17.9%
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Timeline

Dec 16, 2021Proposal created
Dec 16, 2021Proposal vote started
Dec 18, 2021Proposal vote ended
Oct 26, 2023Proposal updated