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TileDAOTileDAOby0x63A2368F4B509438ca90186cb1C15156713D5834peri.eth

Treasury bonding curve rate starting at funding cycle #2

Voting ended over 4 years agoSucceeded

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.

Off-Chain Vote

0%
366K 1.4%
25%
0 0%
50%
21.94M 85%
75%
3.49M 13.5%
100%
0 0%
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Timeline

Jul 20, 2021Proposal created
Jul 20, 2021Proposal vote started
Jul 21, 2021Proposal vote ended
Oct 26, 2023Proposal updated