0x5b331eb6…8ec7sent to0x98945bc6…c48e·#10,978,414·view on Etherscan
Dutch Auctions for Governance{"type":0,"summary":"The proposal is to use Dutch Auction format instead of the current Sealed Bid Auctions for all future Governance Vault sales. This will improve public perception regarding low floor swap ratio pricing","details":"As detailed in this post: https://medium.com/@bouncefinance/a-new-metric-a-new-vision-e7573c7fd816 there will be future Governance Vault sales that will benefit the DAO. \n\nThe Governance Vault currently holds 75,000 BOT. The current format calls for to be determined Sealed Bid Auctions with a with the floor swap ratio of 1 ETH=6 BOT. This low floor price scares off potential BOT investors, because the actual market price has always been significantly higher. \n\nInstead of a Sealed Bid Auction with a floor swap ratio, I propose to use a Dutch Auction format with no reserve. The Dutch Auction protocol already live on Bounce. \n\nWith a Dutch Auction, the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price. \n\nThis will likely achieve prices at or near current market price and the public perception of the sale will be enhanced with nobody worried about an unusually low floor price.","agreeFor":"I vote in favor of Dutch Auction format for future Governance Vault sales.","againstFor":"I vote against Dutch Auction format for future Governance Vault sales."}