Basic Summary
If the marketcap is below a certain level, new yam from positive rebase will be directly put into the treasury without being sold
Abstract
Use an oracle to monitor the marketcap of yam. If the marketcap is lower than the marketcap set by voting, the above proposal will be implemented. If the marketcap higher than the marketcap set by voting will be consistent with the existing rebase mechanism.
Motivation
At present, the marketcap is low, if enters the positive rebase,the treasury continues to sell yam, which causes the price of the currency to fall, this makes investors lose confidence because the low marketcap and price drop.It prevents yam from leaving the negative rebase and low marketcap.
Specifications
- Yes.
- No.
- I have another idea.
0 voters