#Use Treasury Funds For USDap Buyback
We propose to transfer 20,156.927 USDC from the Treasury to DigiRep address 0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7. DigiRep then will buy USDap from the market for the correspondent amount and initiate burning of those USDap.
#USDap burn round 2
As part of the BondAppetit protocol's ongoing operations, a buyback process was initiated which resulted in the purchase of USDap tokens issued by the protocol in the total amount of 479,323 USDap. In order to strengthen the value of the remaining USDap tokens and increase the overall efficiency of the protocol, this proposal suggests the burning of the purchased USDap tokens.
#To create a technical possibility to burn USDap during buyback program
We propose to transfer ownership of USDap contract to Timelock contract in order to add burn/mint functions directly thought governance voting procedure
#Distribution of Q1 2022 coupon payments
We propose to transfer the quarterly coupon payments of 5605,88 USDC to the following staking contracts for further distribution among BAG token stakers
#Distribution of Q4 2021 coupon payments
We propose to transfer the quarterly coupon payments of 11,316 USDC to the following staking contracts for further distribution among stakers:
0xd4e861ead6e81fe0eb20d0197c72590498e0e944
0x3c9feea39ef1d4847813e380bb424677142cf2b1
0xda47f10c3c8128c9c85312af693c34bcbefa2057
#Continuation of distribution in the USDAP/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the rate ~7,000 BAG/day.
#Buyback of 100,000 USDap for 100,000 USDC
We propose to once again launch a USDap buyback initiative. Anyone will be able to exchange their USDap for USDC at a ratio of 1:1.
100,000 USDC will be transferred from the DigiRepresent Services OÜ wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7) to the protocol's contract (0x38fDc8C3E8409527F960Df83Cf0Be5274040d9fC).
#Distribution of Q3 2021 coupon payments and protocol revenue
We offer to transfer quarterly coupon payments and protocol revenue (1671,88 + 3557 USDC) to the following staking contracts for further distribution among the stakers:
0xda47f10c3c8128c9c85312af693c34bcbefa2057
0x3c9feea39ef1d4847813e380bb424677142cf2b1
0xd4e861ead6e81fe0eb20d0197c72590498e0e944
#Transfer & lock BA founders tokens
During the last internal check, we found out that the founders' tokens in the amount of 14 000 000 BAG (pls refer to p. 5.2 of the Whitepaper) that should be locked for 18 months are not currently locked. The reason behind this is a technical mistake during the system deploy. We used the ethereum block number instead of the timestamp. Now we're proposing to provide the authorization to the current address to transfer tokens with the lock to the new wallets (moratorium on sale as it's described in the whitepaper).
#Transfer 200,000 USDC to the intermediary's wallet
We offer to transfer 200,000 USDC to the DigiRepresent Services OÜ wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7) to finance the acquisition of the second batch of bonds.
#Continuation of distribution in the USDAP/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the rate ~3,500 BAG/day.
#Distribution of Q3 2021 coupon payments and protocol revenue
We offer to transfer quarterly coupon payments and protocol revenue (962.5 + 679.5 USDC) to the following staking contracts for further distribution among the stakers:
0xda47f10c3c8128c9c85312af693c34bcbefa2057
0x3c9feea39ef1d4847813e380bb424677142cf2b1
0xd4e861ead6e81fe0eb20d0197c72590498e0e944
#Launch a new smart contract for the partial USDap buyback
We propose to launch a new smart contract that will be buying back USDap from the market and burning them. The contract will serve as a price stabilization mechanism. 200,000 USDC will be transferred from the DigiRepresent Services OÜ wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7) to the protocol's contract (0x17c665c20693EAD6D5d233ecAf48d37eD87a6c28).
#Launch a new smart contract for the partial USDap buyback
We propose to launch a new smart contract that will be buying back USDap from the market and burning them. The contract will serve as a price stabilization mechanism. 200,000 USDC will be transferred from the DigiRepresent Services OÜ wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7) to the protocol's contract (0x17c665c20693EAD6D5d233ecAf48d37eD87a6c28).
#Transfer 500,000 USDC to the intermediary's wallet
We offer to transfer 500,000 USDC to the DigiRepresent Services OÜ wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7) to finance the acquisition of the second batch of bonds.
#Continuation of distribution in the USDAP/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the rate ~3,500 BAG/day.
# Continuation of distribution in the USDap / USDC pool
We propose to make the poll open everyone and to distribute another 700,000 BAG in this pool at the rate of ~8,700 BAG/day.
#Continuation of distribution in the USDAP/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the rate ~3,500 BAG/day.
#Transfer funds from the investment contract to the DigiRepresent Services OÜ wallet
We offer to move 60,920 USDC from the investment contract (0xaa1018F90ff82F058b1Ec7aa3D72A243F66300Bd) to the DigiRepresent Services OÜ wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7) to cover the cost of converting cryptocurrency assets into fiat during the acquisition of bonds.
#Continuation of distribution in the USDT/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the rate ~2,000 BAG/day.
#Discontinue the exchange of USDap for USDC and transfer USDC to the intermediary's wallet
We offer to halt the exchange of USDap to USDC on July 1st, 2021, approximately at 9:00 GMT, and transfer 600,000 USDC to DigiRepresent's wallet (0x04c1bb6701D8b2f6e8aEf6fd1FAc45cC443bF1B7) to finance the acquisition of the first batch of bonds.
#Conversion of USDap for USDC at an exchange ratio of 1:1
We propose to move all USDC from our market contract (0xC6E36Fc68c717DDD7499dBfF67C0426564708451) to a new contract (0x38fDc8C3E8409527F960Df83Cf0Be5274040d9fC) built for the conversion of USDap for USDC at an exchange ratio of 1:1. USDap holders will be able to exchange their USDap for USDC in the period from June 25th to June 30th. The contract has undergone a security audit by HashEx.
#The Launch of the USDap/BAG Staking Contract
We offer to launch a new USDap/BAG staking contract with pool rate of ~35,700 BAGs per day and with a total distribution of 1,000,000 BAG tokens.
#Continuation of distribution in the bBAG/BNB staking pool
We offer to continue the distribution of governance tokens in the bBAG/BNB pool with lower emission rate at ~2300 BAG/day.
The process of transferring tokens to the BSC cannot be completed automatically through a contract, so we will be transferring the funds to BondAppétite: Deployer (0x6Eff5218f3EBB8A813539DBA87bD5c7D4d2B3dcc) — a special wallet used to launch the protocol.
#Continuation of distribution in the bBAG/BNB staking pool
We offer to continue the distribution of governance tokens in the bBAG/BNB pool with lower emission rate at ~2300 BAG/day.
The process of transferring tokens to the BSC cannot be completed automatically through a contract, so we will be transferring the funds to BondAppétite: Deployer (0x6Eff5218f3EBB8A813539DBA87bD5c7D4d2B3dcc) — a special wallet used to launch the protocol.
#Continuation of distribution in the USDN/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the same rate (20,000 BAG/day).
#Continuation of distribution in the USDN/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the same rate (20,000 BAG/day).
#Reduce USDap/USDC pool rate
The pool rate in the USDap / USDC pool will decrease to **~33,000** tokens per day, while the distribution period of the tokens will be increased by **21 days**. The unlock date remains the same — June 22nd. All investors in the USDap / USDC pool will have time until June 22 to decide whether to participate in the distribution of additional tokens or withdraw their funds when the funds are unlocked.
#BondAppétit Launches on the Binance Smart Chain
We are proposing to launch a liquidity pool on PancakeSwap (similar to Uniswap) with the option of direct buying and staking of BAG tokens on the Binance Smart Chain. To integrate with the BSC blockchain, we will use the BurgerSwap gateway, which is a proven solution used for transferring tokens between Ethereum and the BSC.
On the BSC network, we will use the bBAG token — a simplified version of the BAG token that can be instantly converted into a regular BAG token on the Ethereum network, and vice versa.
The process of transferring tokens to the BSC cannot be completed automatically through a contract, so we will be transferring the funds to BondAppétite: Deployer (0x6Eff5218f3EBB8A813539DBA87bD5c7D4d2B3dcc) — a special wallet used to launch the protocol.
After that, the tokens will be manually transferred to the BSC network through the BurgerSwap gateway and a staking contract will be launched on the platform. We will inform the community about the launch of distribution on the staking contract.
#Continuation of distribution in the USDС/BAG staking pool
We offer to continue the distribution of governance tokens in this pool at the same rate (20,000 BAG/day).
#The launch of the USDN/BAG staking pool
As part of further promotion of the BAG token, we are planning to move forward with our collaboration with Waves Blockchain and launch a new staking pool involving one of Waves’ assets — the Neutrino USD (USDN) stablecoin. Waves has proven to be one of the strongest players on the market and has built a loyal community of active users worldwide. As a part of our collaboration with Waves, we offer to launch the USDN/BAG staking pool with the same pool rate as the USDC/BAG pool (20,000 BAG/day). The staking contract has already been deployed and the ownership transferred to BondAppetit Governance. If the proposal is accepted, 500,000 BAG tokens will be transferred from the treasury and the reward distribution process will be launched.
#Reduce USDap/USDC pool rate
The popularity of BondAppetit is growing, and we are making some steps to stabilize the price of BAG. The pool rate in the USDap / USDC pool will decrease by 25% to about 40,000 tokens per day, while the distribution period of the tokens will be increased by 20 days. The unlock date remains the same — June 22nd. All investors in the BAG / USDC pool will have time until June 22 to decide whether to participate in the distribution of additional tokens or withdraw their funds when the funds are unlocked.