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BDOIP06
BDOIP06 - bDollar Improvement Proposal #6 (Improving the Peg to enable expansion) #QmePwuV
Closed - Voted in Favor
BDOIP06 - Improving the Peg to enable expansion
Motivation:
With the successful introduction of vDollar being used as the new oracle, price of BDO has started to range from 0.99x -> 1.00x helping with stability as expected, however this in turn will make it harder to expand, as we move forward in our project.
Proposal:
We would like to propose to slightly lower the target, with a flexible Peg below 1.00x, in order to achieve the necessary expansion while still maintaining stability in the process.
Voting procedure:
We propose the community vote FOR, and all the qualified voters are LPs at sBDO/BUSD pool and Boardroom's stakers.
- Voting closes at Thu Mar 25 2021 08:00:00 UTC
Options to vote:
A: Make the target peg slightly more flexible, helping to reward boardroom stakers:
- Under 50m: pegged to 1.000
- 50m+: pegged to 0.998
- 100m+: pegged to 0.996
- 200m+: pegged to 0.994
- 300m+: pegged to 0.992
- 500m+: pegged to 0.990
B: No change ( Peg will be kept fixed at 1)
Note that if this proposal passed, we will switch from Peg 1.000 to Peg 0.998
Vote in Favor
Last modified 9mo ago