Dear ghostDAO Community
I would like to submit a proposal.
Function 1
create LP Bond on ghostDAO (Sepolia) - Bond 13.
Market Price is 0.0915 WETH (~ $190.00 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 13 Specs: #bond13
Initial Bond Price = 4156/10^9 x 1 LP (~ $190.00 DAI)
Capacity = 0.0302 LP (~1,383,584 DAI) into Treasury
Target Deposit Interval = 1 Hour
Tune = 12 Hours
Market Duration = Until 11:59:59PM EST on Tue, Mar 12.
Goals: acquire POL and expand MCap-to-RFV Ratio
Function 2
auditReserves function to update ghostDAO Treasury reserves.
Function 3
setAdjustment function to update the APY. Current APY of 18,107% 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 18,107% 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 15,938% which is sustainable for 90 days with a RFV target of $24.50.