Dear ghostDAO Community
I would like to submit a proposal.
Function 1
auditReserves function to update ghostDAO Treasury reserves.
Function 2
setAdjustment function to update the APY. Current APY of 14,155% has been disrupted by massive demand in Bond 8, which resulted in significant supply increase and corresponding RFV per 1 eCSPR drop below $100 DAI.
To slow down the increase in eCSPR supply, the APY is suggested to be dropped from 14,155% down to somewhere in the range of 1,000%. On mainnet, we will be able to increase or drop APY without limits.
On the testnet, though, we can only increase/drop APY by 2.5% per proposal. Thus, the suggestion is to slowly drop the APY by about 2.5% per epoch, which shall result in the APY of 12,615% which is sustainable for 90 days with a RFV target of $19.10.