Inspired by a combination of TradFi, DeFi, and NFT products, Linear DAO’s Treasury Bills allow users to access LINA tokens at a discount in exchange for their liquidity provider (LP) tokens. Each Treasury Bill is a unique NFT that represents the output tokens (LINA), which vest over a certain amount of time.
Linear DAO Treasury Bills vest over a period of either 14, 30 or 90 days.
The goal of Treasury Bills is to source sustainable liquidity for the LUSD/BUSD pair on Pancake Swap thus helping to secure to lUSD peg. Treasury Bills allows us to own the liquidity created through the sale of these DAO Treasury Bills (lDTB).
Treasury Bills, when combined with both Yield Farming and Staking Pools, can be used to create an end-to-end sustainable liquidity mining program…
This will benefit new and existing users. Essentially you get your LPs from PCS in the normal way on the lUSD and BUSD pair.
You would then come to the Linear protocol and exchange your LPs for a lDTB citing the length of vesting period you desire.
You receive an NFT that represents and solidifies your position, your tokens vest over the specified period and you get them at a discount. The discount for the LINA tokens you receive depends on the vest period, the amount of Bills sold at time of purchase and of course market conditions.
The NFTs can be sold on a market place that we will also create.
So to conclude this helps us in the following ways:
- Adds liquidity to PCS
- Helps secure peg
- Helps balance peg
- Incentive for new users
- Incentive for existing users
- Gets us involved in NFTs
We would vote to determine how many LINA tokens from the DAO treasury would be used to fund the discounted LINA tokens. I would suggest using 1million per bill sale and take it from there. There would be a limited amount of bills to begin with so we can gage the success.
Thoughts?