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
    Snapshot at block 5983000

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 6mo ago