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Fix BZZ economics #45
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Thanks for your hardwork and contributions! It is a great job! |
"Send 10% of the BZZ stamp payment to the Swarm Foundation owned Uniswap v2 DAI-BZZ pool before sending the remainder to the redistribution lottery." - BZZ stamp is bought on Gnosis, but sent to Ethereum? |
This could use refinement from a developer. I am agnostic about whether it happens on Gnosis or the Ethereum main chain. |
Insightful writeup. I have a couple of questions :
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With the bonding curve shutdown, no additional BZZv1 can be minted. Therefore, the supply of BZZv2 is limited by the number of BZZv1 tokens minted. Moreover, BZZv2 that is sent to the Uniswap LP can be considered burnt. Therefore, the BZZv2 supply becomes deflationary.
Why? What kind of governance would be needed? An advantage of UniV2 is that it don't require any active management. The only reason that I think it should be owned by the Swarm Foundation is for emergencies or if the foundation decides to change something in the distant future.
Maker has a governance system, but it is very cumbersome. If at all possible, I'd prefer if we could limit the scope of governance to choices that do not have a big impact and trust the Swarm Foundation to make the decisions. |
- Further detail how this SWIP better aligns interests of rational investors with the success of the network. - Add background on the price oracle - Describe a speculative trading strategy enabled by the bonding curve that increase volatility. - Emphasize that the bonding curve should not be retired until there is plenty of market depth to buffer volatility. - Comment on the function of the BCManager after the bonding curve retirement. - Clarify that the supply of BZZv2 will be deflationary.
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