https://juicebox.money/#/p/tiles
When redeeming TILE ERC-20 tokens for overflow in the DAO treasury, the ratio of ETH that can be claimed per TILE is affected by the bonding curve, measured on a scale of 0-100%.
A lower bonding curve creates incentive for TILE holders not to redeem their tokens for overflow from the treasury, as the first ones to do so will get a very poor deal (and the last ones to do so will earn much more). A 100% bonding curve means the ratio of ETH earned per TILE burnt will always be the same for everyone, regardless of when/if they redeem their TILE.
While a higher bonding curve would effectively allow TILE holders to get a larger refund on the amount they've contributed to the treasury through buying Tiles, it may also incentivize draining overflow from the DAO, leaving less funds for the community to use in the future.
Currently, the bonding curve is set to 50%.
The goal of this vote is to determine what the treasury bonding curve should be starting at the funding cycle #2, which begins 7-22-21 6:30pm ET.