Add a TSHARE-TBOND swap function

We propose a vote on whether to add a TBOND-TSHARE SWAP function on the Tomb Finance website.

So as not to provide an actual liquidity pool, allowing a constant “out” for bond holders below peg/a new pool for arbitrage, we will fund this swap function with 100 TShares from the DAO.

The bonds swapped will go to the DAO, to either burn or redeem later as decided by the core team.

We wanted to burn these bonds and therefore raise the total amount of bonds to be issued, but the code prevents this. We are proposing to add the feature anyway to prevent TOMB-TSHARE sales below peg.

The allocation of any more TShares than the initial 100, if the vote is passed, will be decided by the governance in future. This will be first come first served, once the 100 TShares are gone, the above process is required to add more.

The DAO is TShare heavy already and this proposal seeks a use for them that benefits all users more instead of just farming more money from within the protocol.

There will be no discount or bonus, you will receive value in TShare at the TOMB price at the time of swap, bearing in mind that this transaction is tax free so there is a slight incentive.

Question: Do you want to introduce TBOND-TSHARE swap function and allocate 100 TShares from DAO to it?

Vote 1) Yes, Proceed with TBOND-TSHARE swap function and allocate 100 TShares from the DAO.

Vote 2) No. No pool or allocation.