Adding (generic) Augmented Bonding Curve

[drllau]

Fairmint has what it describes as a DAT (digital automated trust) At heart it is an augmented bonding curve with some extra services

A bonding curve contract is a specific type of smart-contract that issues its own tokens through Buy and Sell functions. To buy tokens, the buyer sends ETH to the Buy function which calculates the average price of the token in ETH and issues you the correct amount. The Sell function works in reverse: The contract will calculate the current average selling price and will send you the correct amount of ETH

Looking over the LexDAO token catalog (could be out of date)

can we create an ETH to LXB bonding curve, or more precisely to a pool of LDM time tokens which is the pledged (future) hours that members will be donating to the LexDAO (to be redeemed for either mentoring proto-LEETH or sold to back hire of other services?)

I've started refactoring the LDM(S) into a time-based token plus a higher dispute resolution tribute but need some liquidity. The value is market based but would be at floor #LDM tokens x hourly charge-out rate ...

LDMS token.pdf

[drllau]

PS optional extra is a white list - only existing participants can trade amongst themselves to rebalance portfolio as otherwise selling "securities" to public is headache inducing.

[cimplylimited]

@drllau I am assuming this has long since been left in the dust, though the model is interesting and on the surface seems to circumvent security issues since we are talking about a pool of verified time. Interesting theory. If you would like to reopen this dialogue or help me find a place to move this file, I'm doing some review of what is in the GitHub as a whole. Good luck sir.

[cimplylimited]

@drllau this too