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Memo 0xd1d836d1…bb915a on Ethereum

0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#14,104,373·view on Etherscan
# Launch Inverse Plus Authors: @nourharidy @patB @nakamomo @n3bs @basedxeno @thealientourist @cryptoharry **Objectives of INV+** - Increase treasury and liquidity holdings in order to increase the supply of lendable DOLA towards our goal of 1 billion DOLA circulation by the end of 2022. - Ensure that the Inverse product line is optimized for maximum performance and competitive strength - Expand INV & DOLA LP bond capacity via Olympus Pro - Transition the INV governance token to a model with expanding supply that will accrue value based on DOLA lending revenue **Core Proposal Features** - Positive Sum Rewards Token. - xINV Continuous Rewards - DOLA Revenue Sharing Rewards - Permanent protocol-owned liquidity - Low-interest DOLA borrowing **Summary of Continuous xINV Reward Rate Framework** - With INV+, xINV rewards occur on a near-constant basis, not an arbitrary interval (e.g. 8 hours). Continuous rewards are issued with the creation of new Ethereum blocks https://ycharts.com/indicators/ethereum_blocks_per_day which today are mined 6400 times per day. - The amount of xINV rewards received by stakers is determined by a Policy Committee initially comprised of seven members who monitor and adjust the xINV Continuous Rewards rate with the following goals and criteria in mind: - Grow the Inverse Treasury to support at least 1 billion in circulating DOLA on a sustained basis by the end of 2022. - Issue rewards within the aggregate limits set by the GovernorMills voters, who are responsible for replenishing the INV Continuous Rewards allocation approximately every 90 days. - Limit sudden downward price action linked to changes in the xINV Continuous reward rate - With an initial allocation of 15,500 INV for purposes of xINV staking rewards, a base reward rate APY of 100% is anticipated, with an initial cap of 500%. **Policy Committee To Manage xINV Reward Rates and LP Bond Allocations** - A Policy Committee will be responsible for setting reward rates for xINV as well as allocating INV for LP bonding campaigns. - The Policy Committee will submit a new request for minting of INV to the treasury approximately every 90 days for these purposes via GovernorMills. - The Policy Committee will be comprised of 7 INV team members who have been active in the development of INV+ and will serve on the committee for a one year term: - Nour, patb, BasedXeno, thealientourist, nakamomo, n3bs, and cryptoharry. - No additional compensation for serving on this committee is required. Inactive or retiring committee members may be replaced by vote on GovernorMills. - Voting requires 5 members to achieve quorum and decisions are decided by majority vote though the committee will endeavor to reach unanimous consent on rewards decisions. - Reward rate changes are implemented by the Policy Committee using the Policy Committee multisig wallet. **On-Chain Actions To Approve** - Move ownership of the xINV contract to the new xINV Manager contract - Set a hard cap of 0.085616438356 per block for xINV reward rate - Set xINV reward rate to 0.0260416666666667 per block (5000 INV per month) - Set xINV withdrawal delay to 0 days - Authorize a 15,000 INV allowance to Policy Committee multisig to be used for refilling OP Bonds over the coming months. - Authorize 15,500 INV allowance to the xINV contract from the Inverse treasury to be used as xINV rewards.
unknown sendersent to0xbeccb6bb…9bf6·#14,104,373·view on Etherscan
_setRewardPerBlock(uint256)approve(address,uint256)_setEscrowDuration(uint256)_setPendingAdmin(address)setMaxRewardPerBlock(uint256)approve(address,uint256) b# Launch Inverse Plus Authors: @nourharidy @patB @nakamomo @n3bs @basedxeno @thealientourist @cryptoharry **Objectives of INV+** - Increase treasury and liquidity holdings in order to increase the supply of lendable DOLA towards our goal of 1 billion DOLA circulation by the end of 2022. - Ensure that the Inverse product line is optimized for maximum performance and competitive strength - Expand INV & DOLA LP bond capacity via Olympus Pro - Transition the INV governance token to a model with expanding supply that will accrue value based on DOLA lending revenue **Core Proposal Features** - Positive Sum Rewards Token. - xINV Continuous Rewards - DOLA Revenue Sharing Rewards - Permanent protocol-owned liquidity - Low-interest DOLA borrowing **Summary of Continuous xINV Reward Rate Framework** - With INV+, xINV rewards occur on a near-constant basis, not an arbitrary interval (e.g. 8 hours). Continuous rewards are issued with the creation of new Ethereum blocks https://ycharts.com/indicators/ethereum_blocks_per_day which today are mined 6400 times per day. - The amount of xINV rewards received by stakers is determined by a Policy Committee initially comprised of seven members who monitor and adjust the xINV Continuous Rewards rate with the following goals and criteria in mind: - Grow the Inverse Treasury to support at least 1 billion in circulating DOLA on a sustained basis by the end of 2022. - Issue rewards within the aggregate limits set by the GovernorMills voters, who are responsible for replenishing the INV Continuous Rewards allocation approximately every 90 days. - Limit sudden downward price action linked to changes in the xINV Continuous reward rate - With an initial allocation of 15,500 INV for purposes of xINV staking rewards, a base reward rate APY of 100% is anticipated, with an initial cap of 500%. **Policy Committee To Manage xINV Reward Rates and LP Bond Allocations** - A Policy Committee will be responsible for setting reward rates for xINV as well as allocating INV for LP bonding campaigns. - The Policy Committee will submit a new request for minting of INV to the treasury approximately every 90 days for these purposes via GovernorMills. - The Policy Committee will be comprised of 7 INV team members who have been active in the development of INV+ and will serve on the committee for a one year term: - Nour, patb, BasedXeno, thealientourist, nakamomo, n3bs, and cryptoharry. - No additional compensation for serving on this committee is required. Inactive or retiring committee members may be replaced by vote on GovernorMills. - Voting requires 5 members to achieve quorum and decisions are decided by majority vote though the committee will endeavor to reach unanimous consent on rewards decisions. - Reward rate changes are implemented by the Policy Committee using the Policy Committee multisig wallet. **On-Chain Actions To Approve** - Move ownership of the xINV contract to the new xINV Manager contract - Set a hard cap of 0.085616438356 per block for xINV reward rate - Set xINV reward rate to 0.0260416666666667 per block (5000 INV per month) - Set xINV withdrawal delay to 0 days - Authorize a 15,000 INV allowance to Policy Committee multisig to be used for refilling OP Bonds over the coming months. - Authorize 15,500 INV allowance to the xINV contract from the Inverse treasury to be used as xINV rewards.