GDP-900ab - GDP2 (Mordor): Bond 2

ghostDAO Governance
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1

Dear ghostDAO Community

I would like to submit a proposal.

Function 1
create wmETC Bond on ghostDAO (Mordor) - Bond 2.

Market Price is 18.5997 wmETC (~ $155 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 2 Specs: #bond2

Initial Bond Price = 18.5997 wmETC (~ $155 DAI)

Capacity = 175.55 wmETC (~1465 DAI) into Treasury

Target Deposit Interval = 1 Hour

Tune = 24 Hours

Market Duration = Until 11:59:59PM EST on Wed, Mar 26.

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

Function 2
auditReserves function to update ghostDAO Treasury reserves.