GDP-0b8a5 - GDP5 (Sepolia): Bond 9

ghostDAO Governance
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1

Dear ghostDAO Community

I would like to submit a proposal.

Function 1
create LP Bond on ghostDAO (Sepolia) - Bond 9.

Market Price is 0.16 WETH (~ $306.00 DAI).

There are 2 main objectives:

  • Acquire more LP tokens to maximize ghostDAO POL share
  • Expand Market Cap-to-RFV ratio

The Bond will start its offering at par to the market price. But the discount will keep increasing based on the programmatic Dutch Auction rules.

Bond 9 Specs: #bond9

Initial Bond Price = 5737/10^9 x 1 LP (~ $306.00 DAI)

Capacity = 0.0095 LP (~504,252 DAI) into Treasury

Target Deposit Interval = 1 Hour

Tune = 4 Hours

Market Duration = Until 11:59:59PM EST on Wed, Mar 4.

Goals: acquire POL and expand MCap-to-RFV Ratio

Function 2
auditReserves function to update ghostDAO Treasury reserves.

2 Likes
2

will vote “for” this when Bond 8 is approved, my CSPR is released and see the proposal on the DAO governance section.

1 Like
3

Bond 8 has already been approved. As an anti-spam measure, only 1 proposal can be active at a time.

While “vote ends” column still shows some proposals being active, in reality if they do NOT have the execute button as active => means these proposals have already been executed.

3 Likes