TIP 12: Pause TLX Bonding and Burn 30m TLX allocated to Bonding

Simple Summary This proposal is to pause TLX Bonding in its current state, burn 30 million TLX allocated to bonding, and send the remaining TLX back to the treasury.

Specification Bonding TLX should be paused immediately, and 30 million of the TLX allocated to bonding should be burnt by sending them to the burn address one week after the pause.

• 30 million TLX is 30% of the total supply and approximately 85% of current bonding allocation.
• The remaining TLX from the bonding allocation should be sent to the treasury.

Burn address: 0x000000000000000000000000000000000000dEaD Treasury: 0x6E28337E25717553E7f7F3e89Ad19F6cd01f3b2c

Rationale The bonding program has raised over $1mm in POL over 4 months by selling TLX at a discount to the market rate. Whilst obviously a success for POL, the apparent downside is the amount of bonded TLX which is market sold as soon as it unlocks; meaning bonding is currently more harmful to the TLX token and aligned users than it is beneficial.

With TLX's current POL, it makes little sense to continue the bonding process in its current state. I’m proposing that bonding is paused, 30 million of the TLX tokens allocated to bonding are burnt, with the remaining tokens sent to the treasury to enable bonding at a later date if it becomes necessary (this use case could be changed via a TIP in the future).

If passed, this TIP should be implemented as soon as possible.