GM TEC, GM
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Advanced Settings Modified? Yes
What is the overall Commons Configuration strategy?
Let's take a contemplative approach... we can move slowly and pensively about how we want to Advance Token Engineering. Including the Initial Buy into the mix, this Proposal gives an 80% return to the Hatchers while keeping the Reserve pool well funded, 900k to the Reserve, 600k to the Commons pool. 7 day Tao Votes, 7 day Conviction growth, 12.5% spending limit with a 5% minimum conviction... this will force us to be selective with what proposals we fund.... I'm excited to see how it flows!
FORK THIS PROPOSAL (link)
Summary
Module 1: Token Freeze & Token Thaw
| Parameter | Value |
|---|---|
| Token Freeze | 40 Weeks |
| Token Thaw | 52 Weeks |
| Opening Price | 1.35 wxDAI |
Module 2: Augmented Bonding Curve
| Parameter | Value |
|---|---|
| Commons Tribute | 58.60% |
| Entry Tribute | 2.00% |
| Exit Tribute | 3.00% |
| *Reserve Ratio | 23.67% |
*This is an output. Learn more about the Reserve Ratio here.
Module 3: Disputable Voting
| Parameters | Value |
|---|---|
| Support Required | 88% |
| Minimum Quorum | 8% |
| Vote Duration | 7 days(s) |
| Delegated Voting Period | 5 day(s) |
| Quiet Ending Period | 2 day(s) |
| Quiet Ending Extension | 2 day(s) |
| Execution Delay | 1 hour(s) |
Module 4: Conviction Voting
| Parameter | Value |
|---|---|
| Conviction Growth | 7 day(s) |
| Minimum Conviction | 5.0% |
| Spending Limit | 12.5% |
Module 1: Token Freeze and Token Thaw
Data:
| # of Weeks | % of Tokens Released | Price Floor of Token |
|---|---|---|
| 13 weeks | 0.00% | 1.35 wxDAI |
| 26 weeks | 0.00% | 1.35 wxDAI |
| 39 weeks | 0.00% | 1.35 wxDAI |
| 52 weeks | 19.23% | 1.09 wxDAI |
| 78 weeks | 89.23% | 0.29 wxDAI |
| 104 weeks | 100.00% | 0.00 wxDAI |
| 156 weeks | 100.00% | 0.00 wxDAI |
| 208 weeks | 100.00% | 0.00 wxDAI |
| 260 weeks | 100.00% | 0.00 wxDAI |
- Token Freeze: 40 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 40 weeks. They can still be used to vote while frozen.
- Token Thaw: 52 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 52 weeks later.
- Opening Price: 1.35 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.35 wxDAI making it the price floor during the Token Freeze.
Strategy:
Modest price increase so keep the reserve ratio at ~20% because of the modest opening price, I kept the token thaw under 2 years (21 months total)
The Opening Price really ends up being $1.82 after the initial buy...
Module 2: Augmented Bonding Curve (ABC)
Data:
| Step # | Price | Amount In | Tribute | Amount Out | New Price | Price Slippage |
|---|---|---|---|---|---|---|
| Step 0 | 1.35 | 250000.00 wxDAI | 5000.0 | 161924 TEC | 1.82 | 14.29% |
| Step 1 | 1.82 | 5000.00 wxDAI | 100.0 | 3619.24 TEC | 1.83 | 0.29% |
| Step 2 | 1.83 | 100000.00 wxDAI | 2000.0 | 68387.12 TEC | 1.98 | 5.25% |
| Step 3 | 1.98 | 3000.00 TEC | 90.4 | 4429.65 wxDAI | 1.97 | 0.23% |
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)
| Allocation of Funds | wxDAI |
|---|---|
| Common Pool (Before Initial Buy) | 738,360 |
| Reserve (Before Initial Buy) | 612,360 |
| Common Pool (After Initial Buy) | 743,360 |
| Reserve (After Initial Buy) | 857,360 |
- Commons Tribute: 58.60%, which means that 58.60% of the Hatch funds (738,360 wxDAI) will go to the Common Pool and 41.40% (612,360 wxDAI) will go to the ABC's Reserve.
- Entry Tribute: 2.00% meaning that from every BUY order on the ABC, 2.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
- Exit Tribute: 3.00% meaning that from every SELL order on the ABC, 3.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
Strategy:
Commons tribute is set for 650k in the ABC's Reserve
Went with smaller numbers so that there is Arbitrage more often.
The Opening Price really ends up being $1.82 after the initial buy... and there is about 900k in the Reserve and 600k in the Common Pool
Module 3: Tao Voting
Data:
| # of Quiet Ending Extensions | No Extensions | With 1 Extension | With 2 Extensions |
|---|---|---|---|
| Total Amount of Time to Complete a Vote | 7 days | 8 days | 10 days |
- Support Required: 88%, which means 88% of all votes must be in favor of a proposal for it to pass.
- Minimum Quorum: 8%, meaning that 8% 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: 2 day(s), this means that 2 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
- Quiet Ending Extension: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 day(s) will be added for voting.
- Execution Delay: 1 days(s), meaning that there is an 1 day delay after the vote is passed before the proposed action is executed.
Strategy:
i like the 2 days pattern... the 2 days to check your delegates vote is the same as the quiet ending period and the extension is 2 days.
Module 4: Conviction Voting Strategy
Data:
| Variables | Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | Scenario 5 | Scenario 6 |
|---|---|---|---|---|---|---|
| Effective Supply | 1500000 | 1500000 | 1500000 | 1500000 | 1500000 | 1500000 |
| Requested Amount (wxDAI) | 1000 | 1000 | 5000 | 5000 | 25000 | 25000 |
| Amount in Common Pool (wxDAI) | 100000 | 750000 | 100000 | 750000 | 100000 | 750000 |
| Minimum Tokens Needed to Pass | 88610 | 76625 | 208333 | 83688 | 75000 | 139462 |
| Tokens Needed To Pass in 2 weeks | 177220 | 153250 | 416666 | 167376 | 150000 | 278924 |
- Conviction Growth: 7 day(s), meaning that voting power will increase by 50% every 7 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: 5.0%, this means that to pass any funding request it will take at least 5.0% of the actively voting TEC tokens.
- The Spending Limit: 12.5%, which means that no more than 12.5% of the total funds in the Common Pool can be funded by a single proposal.
Strategy:
I played a lot with this... I think it should be hard to pass proposals from the TEC... it is a certification of sorts, and having a higher Minimum Conviction will make for more varied amounts needed as more money is requested...
And at 12.5 spending limit then its is feasible to spend about ~9% of the funding pool is possible to spend
FORK THIS PROPOSAL (link)
*Advanced Settings
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
| Parameter | Value |
|---|---|
| Common Pool Amount | 0 wxDAI |
| HNY Liquidity | 100 wxDAI |
| Garden Liquidity | 1 TEC |
| Virtual Supply | 1 TEC |
| Virtual Balance | 1 wxDAI |
| Transferable | Yes |
| Token Name | Token Engineering Commons |
| Token Symbol | TEC |
| Proposal Deposit | 200 wxDAI |
| Challenge Deposit | 400 wxDAI |
| Settlement Period | 5 days |
| Minmum Effective Supply | 0.01% |
| Hatchers Rage Quit | 0 wxDAI |
| Initial Buy | 0 wxDAI |
*Learn more about Advanced Settings on the TEC forum