What is the overall Commons Configuration strategy?
My main goal was to try and get a bonding curve that rises quickly when low but then begins to curve slowly and decrease the amount in which new xDAi don't effect the price as much, along with encouraging small project proposals
This is the theoretical Price Floor for TEC. It would only be reached if all tokens that were liquid were burned and no liquid tokens existed, which is very unlikely to occur.
Duration
% of Tokens Released
Price Floor of Token
3 months
4.17%
0.97 wxDAI
6 months
58.33%
0.42 wxDAI
9 months
100.00%
0.00 wxDAI
1 year
100.00%
0.00 wxDAI
1.5 years
100.00%
0.00 wxDAI
2 years
100.00%
0.00 wxDAI
3 years
100.00%
0.00 wxDAI
4 years
100.00%
0.00 wxDAI
5 years
100.00%
0.00 wxDAI
Token Freeze: 12 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 12 weeks. They can still be used to vote while frozen.
Token Thaw: 24 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 24 weeks later.
Opening Price: 1.01 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.01 wxDAI making it the price floor during the Token Freeze.
Strategy:
Price is 1% increase from hatch. Thaw 2X the freeze to keep tokens in the economy
Module 2: Augmented Bonding Curve (ABC)
Data:
This shows how the TEC Price changes with the ABC's Reserve Balance, highlighting the Initial Buy that will happen at launch.
Step #
Current Price
Amount In
Tribute Collected
Amount Out
New Price
Price Slippage
Step 1
1.26
5000.00 wxDAI
250.0
3776.17 TEC
1.26
0.19%
Step 2
1.26
100000.00 wxDAI
5000.0
72749.15 TEC
1.35
3.49%
Step 3
1.35
3000.00 TEC
202.52
3847.88 wxDAI
1.35
0.14%
Step 4
1.35
20000.00 TEC
1335.41
25372.79 wxDAI
1.32
0.95%
NOTE:
We're very bullish on TEC so we provide the BUY scenario at launch to compare proposals... to explore this proposal's ABC further Click the link below to see their parameters in your dashboard, be warned this will clear any data you have in your dashboard:
Commons Tribute: 50.00%, which means that 50.00% of the Hatch funds (630611.79 wxDAI) will go to the Common Pool and 50.00% (630611.79 wxDAI) will go to the ABC's Reserve.
Entry Tribute: 5.00% meaning that from every BUY order on the ABC, 5.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
Exit Tribute: 10.00% meaning that from every SELL order on the ABC, 10.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
Strategy:
discourages token holders from selling. large initial tribute to getting proposals launched
Module 3: Tao Voting
Data:
This shows how the timeline stacks up for decision votes that can change the configuration after launch.
# of Quiet Ending Extensions
No Extensions
With 1 Extension
With 2 Extensions
Time to Vote on Proposals
7 days
8 days
9 days
Time to Review a Delegates Vote
2 days
3 days
4 days
Time to Execute a Passing Proposal
7.5 days
8.5 days
9.5 days
Support Required: 42%, which means 42% of all votes must be in favor of a proposal for it to pass.
Minimum Quorum: 33%, meaning that 33% of all tokens need to have voted on a proposal in order for it to become valid.
Vote Duration: 7 day(s), meaning that eligible voters will have 7 day(s) to vote on a proposal.
Delegated Voting Period is set for 5 day(s), meaning that Delegates will have 5 day(s) to use their delegated voting power to vote on a proposal.
Quiet Ending Period: 1 day(s), this means that 1 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
Quiet Ending Extension: 1 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 1 day(s) will be added for voting.
Execution Delay: 0.5 days(s), meaning that there is an 0.5 day delay after the vote is passed before the proposed action is executed.
Strategy:
wanted to have sufficient time for token holders to vote and a decent (not 50%) minimum quorum to keep rule changes somewhat democratic
Module 4: Conviction Voting
Data:
This shows how the minimum percent of tokens needed to pass proposals after 2 weeks varies with the percent of the Common Pool funds being requested.
Proposal
Requested Amount (wxDAI)
Common Pool (wxDAI)
Effective supply (TEC)
Tokens Needed To Pass (TEC)
1
1,000
100,000
1,500,000
Not possible
2
5,000
100,000
1,500,000
Not possible
3
25,000
100,000
1,500,000
Not possible
4
1,000
750,000
1,500,000
1997
5
5,000
750,000
1,500,000
13500
6
25,000
750,000
1,500,000
Not possible
Conviction Growth: 60 day(s), meaning that voting power will increase by 50% every 60 days that they are staked behind a proposal, so after 14 days, a voters voting power will have reached 75% of it's maximum capacity.
Minimum Conviction: 0.1%, this means that to pass any funding request it will take at least 0.1% of the actively voting TEC tokens.
The Spending Limit: 1.0%, which means that no more than 1.0% of the total funds in the Common Pool can be funded by a single proposal.
Strategy:
encourages growth in small increments and small project funding
This will be empty or non-existent if the user did not change any advanced settings from their default. Any settings changed from default will show up here
What is the overall Commons Configuration strategy?
My main goal was to try and get a bonding curve that rises quickly when low but then begins to curve slowly and decrease the amount in which new xDAi don't effect the price as much, along with encouraging small project proposals
Advanced Settings Modified? Yes
FORK THIS PROPOSAL (link)
Summary
Module 1: Token Freeze & Token Thaw
Module 2: Augmented Bonding Curve
*This is an output. Learn more about the Reserve Ratio here.
Module 3: Tao Voting
Module 4: Conviction Voting
Module 1: Token Freeze and Token Thaw
Data:
Strategy:
Price is 1% increase from hatch. Thaw 2X the freeze to keep tokens in the economy
Module 2: Augmented Bonding Curve (ABC)
Data:
NOTE:
We're very bullish on TEC so we provide the BUY scenario at launch to compare proposals... to explore this proposal's ABC further Click the link below to see their parameters in your dashboard, be warned this will clear any data you have in your dashboard:
FORK THIS PROPOSAL (link)
ABC Configuration Table
Strategy:
discourages token holders from selling. large initial tribute to getting proposals launched
Module 3: Tao Voting
Data:
Strategy:
wanted to have sufficient time for token holders to vote and a decent (not 50%) minimum quorum to keep rule changes somewhat democratic
Module 4: Conviction Voting
Data:
Strategy:
encourages growth in small increments and small project funding
FORK THIS PROPOSAL (link)
*Advanced Settings
*Learn more about Advanced Settings on the TEC forum
FORK THIS PROPOSAL (link)