# GDP-0d116 - GDP9 (Mordor): Bond 8

**URL:** https://ghostforum.org/t/gdp-0d116-gdp9-mordor-bond-8/61
**Category:** ghostDAO Governance
**Tags:** mordor
**Created:** [May 6, 2026, 9:24am UTC](https://ghostforum.org/t/gdp-0d116-gdp9-mordor-bond-8/61 "2026-05-06T09:24:22Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![Harpocrates](https://ghostforum.org/user_avatar/ghostforum.org/harpocrates/32/15_2.png) [@Harpocrates](https://ghostforum.org/u/Harpocrates)
#### Post date: [May 6, 2026, 9:24am UTC](https://ghostforum.org/t/gdp-0d116-gdp9-mordor-bond-8/61/1 "2026-05-06T09:24:23Z")

</div>

Dear ghostDAO Community

**I would like to submit a proposal.**

**Function 1  
create **** wmETC Bond on ghostDAO (Mordor) - Bond 8**.

**Market Price** is 58.2220 wmETC (~ $506 DAI).

**There are 2 main objectives:**

- Distribute eCSPR to more users after the launch of ghostDAO

- Dilute 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 8 Specs:** #bond8

**Initial Bond Price** = 58.2778 wmETC (~ $492 DAI).

**Capacity** = 9,041 wmETC (~78,574 DAI) into Treasury

**Target Deposit Interval** = 1 Hour

**Tune** = 1 Hour

**Market Duration** = Until 11:59:59PM EST on May 10, 2026.

**Goals** : distribute to users and dilute MCap-to-RFV Ratio

**Function 2**  
**auditReserves** function to update ghostDAO Treasury reserves.