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YamYamby0xbdac5657eDd13F47C3DD924eAa36Cf1Ec49672ccfeddas.eth

YIP-19v2: Simple Ragequit Like Function aka. "Great Yam Wall"

Voting ended over 5 years agoSucceeded

Creator @Feddas @ToTV3

Basic Summary A core value proposition for YAM has always been the unique value of our growing treasury model. A ragequit function has been a goal of the community as a way to create a price floor from the beginning. Full implementation of ragequit will not work as it was originally envisioned primarily because capital inside the treasury will be utilized to grow and develop the Yam ecosystem. This proposal is an alternative to initial ragequit designs and would allocate n% of the value of the treasury for use in executing buybacks if Yam Market Cap < Yam Treasury Value.

Abstract A function will be created that is callable by anyone. Function will only be available when Yam Market Cap < Yam Treasury Value. Yam Treasury Value will not include any new Yam product tokens until they are voted on to be added to this function. When called, the function calculates the necessary size of purchase to increase Yam Market Cap => Yam Treasury Value. Funds for use in this function will be earmarked and set aside by this proposal. This will effectively create a price floor for Yam as originally proposed by ragequit by providing a strong defense for YAM as price is falling or as Treasury value rises.

When the function is called: If market cap is above book value there is no action If market cap is below book value the necessary purchase as calculated by the function will be executed on the highest liquidity YAM pair. YAM procured by this function will be used in the most productive way possible determined by the community. This might be burning, selling, using for incentives, providing liquidity, lending, etc.

The value of funds allocated to this function should increase as the treasury grows up to a maximum cap. Options for achieving this will be determined by the developers to be a simple and easy as possible.

Specifications Vote to determine whether or not we should move forward with this iteration of "ragequit". Future snapshots will determine the pool amount and potential ways to use any Yams bought using this function for the benefit of the community.

Chinese Translation 基本总结 YAM的核心价值主张一直是我们不断发展的资金模型的独特价值。无处不在的功能已成为社区的目标,从一开始便是建立价格底限的一种方法。完全实施ragequit不会像最初设想的那样奏效,这主要是因为国库内部的资金将用于发展和发展Yam生态系统。该提议是初始暂定项目的替代方案,如果Yam市值<Yam国债价值,则将n%的国库券价值分配用于执行回购。

抽象 将创建一个任何人都可以调用的函数。仅当薯类市场市值<薯类国库券价值时,该功能才可用。 Yam Treasury Value将不包含任何新的Yam产品令牌,除非将其投票通过添加到此功能。调用该函数时,将计算必要的购买量以增加Yam市值=> Yam国债价值。该提案将预留专用于此功能的资金,并予以预留。当价格下跌或国债价格上涨时,这将为Yam 提出一个强有力的辩护,从而有效地为Yam 提出价格底线。

调用函数时: 如果市值高于账面价值,则不会采取任何措施 如果市值低于账面价值,则将根据流动性最高的YAM对执行该函数计算出的必要购买。 通过此功能采购的YAM将以社区确定的最有效的方式使用。这可能是燃烧,出售,用于激励,提供流动性,贷款等。

随着国库增加到最高限额,分配给该职能的资金价值应增加。开发人员将确定实现此目标的选项,使其尽可能简单易行。

技术指标 投票决定我们是否应该继续进行“ ragequit”迭代。将来的快照将确定池数量以及使用通过此功能购买的任何Yams的潜在方式,以使社区受益。

Off-Chain Vote

Yes proceed with building the "Great Yam Wall"
98.64K 100%
Do not proceed.
0 0%
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Timeline

Nov 16, 2020Proposal created
Nov 16, 2020Proposal vote started
Nov 18, 2020Proposal vote ended
Apr 28, 2024Proposal updated