Prelim - PoL Proposal & Brainstorming Experimental Idea

General Commons
22

Appreciate clarification.

The rebasing makes sense. Can we go over an example of bond minting:

  • Let’s assume protocol is buying $1M worth of liquidity, so it mints $1.1M tokens to buy it with.
  • Then you’re saying they mint another $1.1M and give that to stakers on a pro-rata basis?
  • Over the next 5 days the first $1.1M gets disbursed on a straight line vest, so in theory $1.1M tokens become liquid to be traded or staked.
  • What do you mean you can expect to gain 50% of the staking reward on top?
  • I understand what you mean, when the protocol goes on a binge of buying bonds, it dilutes the stakers.
23

When someone mints TIME by selling some assets to the protocol, the protocol receives those assets in the treasury and when I say the protocol also receives an equal amount of TIME tokens to the bond minters, those TIME tokens go to the treasury and not to existing TIME stakers.

When I say that bond minters can expect to gain 50% of the staking ROI on top of the minting ROI, that is assuming that they “claim and stake” their vested TIME prior to every rebase.

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