YIP:Change the positive rebase mechanism of yam

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

Do you accept this YIP
  • Yes.
  • No.
  • I have another idea.

0 voters

1 Like

基本总结
如果市值低于某个水平,正基增发出来的yam将直接存进国库,而不会被出售。

概念
使用预言机监测yam的市值。 如果市值低于通过投票设定的市值,则将执行上述建议。 如果市值高于通过投票设定的市值,则将与现有的正基机制保持一致。

动机
目前市值很低,如果进入正基,国库将继续出售山药,会导致yam价格下跌,再加上低市值,这将使投资者失去信心,从而无法离开负基和低市值。