# GDP-3f8b2 - GDP4 (Mordor): Bond 4

**URL:** https://ghostforum.org/t/gdp-3f8b2-gdp4-mordor-bond-4/46
**Category:** ghostDAO Governance
**Tags:** mordor, proposal
**Created:** [March 28, 2026, 12:42am UTC](https://ghostforum.org/t/gdp-3f8b2-gdp4-mordor-bond-4/46 "2026-03-28T00:42:23Z")
**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: [March 28, 2026, 12:42am UTC](https://ghostforum.org/t/gdp-3f8b2-gdp4-mordor-bond-4/46/1 "2026-03-28T00:42:23Z")

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Dear ghostDAO Community

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

**Function 1  
create **** wmETC Bond on ghostDAO (Mordor) - Bond 4**.

**Market Price** is 35.4733 wmETC (~ $287 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 4 Specs:** #bond4

**Initial Bond Price** = 35.4733 wmETC (~ $287 DAI)

**Capacity** = 950.4725 wmETC (~7,689 DAI) into Treasury

**Target Deposit Interval** = 1 Hour

**Tune** = 1 Hour

**Market Duration** = Until 11:59:59PM EST on Wed, Mar 31.

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

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