Im feeling like all these ideas are a consolidation of the consensus from what I am hearing from the community and my personal experience using the platform. Each line would take a separate proposal and vote.
1# Idea for addressing unclaimed rewards potential by using them for growth that moves price by expanding the protocol and growing the community:
My vote would go to address only points that would add considerable value to growing the protocol without taking too much away from the stakers, as the unclaimed rewards do truly belong to them, they are engaging properly with the protocol and maintaining their ratio accordingly, the rewards are theirs. We need to balance that with the fact that all of the LUSD builders and investors also want this protocol to grow to the moon. They are the true participants making Lina function as designed. Here is my idea of practical use of a small portion of the funds. As to basic marketing and education; the DAO has a significant fund designed to help the DAO grow, I think marketing and educational development should come from there, so we don’t need to take any of the unclaimed rewards for that.
25% - to a new bond pool fund:
With what I hear the community wants, I have conceptualized a new single staking tool that I think would grow our community quickly by having some very conservative preset APY staking options that dont obligate the user to the debt pool. This would be a huge incentive and way to participate with users that find it too complicated. I think this would be a considerable advantage and could be done with just 25% of these unclaimed rewards.
Bond Pool Fund Concept explained:
We take 25% of weekly unclaimed rewards that accumulate to be about 10m Lina (25% of 40m) and start pooling them in the a new bond product. A single staking system.
My Pitch and what sounds attractive to me as a user would be both 3 and 6 month bonds.
I say we split it into two products selling $1000 units of LINA at the market price of the bond sale.
50%-3 Month bond yielding a preset APY at purchase of a range between 20% APY or $50 on each 3 month $1000 unit paid in a price fixed amount of Lina at time of purchase
50%-6 Month bond units yielding a preset amount at purchase of 26%APY So 13% or $130 on each $1000 unit paid in a price fixed amount of Lina at time of purchase
Each months Pool would determine the amount of bonds that can be offered for the next month and then could be offered on a set date of each month.
What would the math look like?
Let’s say we have 10 million Lina in this months pool. At today market price of $0.0218 we would have $218,000 in Lina, on the snapshot day. So, we can sell 50% of that in 3month bonds and 6 month bonds.
3 month - $109,000/$50 reward = 2180 3 month Bond Units and holding => 100,000,000 LINA off the market x 3 months of offerings means = 300,000,000 Lina off the market while also increasing TVL by 5.6Mil
6 month - $109,000/$130 reward = 838 6 month Bond Units and holding => 38,500,000 Lina off the market x 6 months of offering = 230,750,000 Lina off the market while also increasing TVL by 5Mil
If we continue to sell out of the bond units we will have added 10.6mil currently in TVL and will have taken 530,000,000 LINA off the market. Circulating supply, as of today is 3,348,140,653. This mechanism would tie up a projected 15.8% of the current circulating supply. I think it would dramatically help drive price up and is a far stronger mechanism than burning to immediately effecting circulation.
& Early selling of the bond product could result in loosing 50% of the bond staking profits and those could cycle back into the next months pool.
& Of Course, Unclaimed rewards do fluctuate with the Market fluctuations as reconciling ratio and claiming can get less incentive in a bear, but then the Bond unit pricing will just fluctuate accordingly.
75% - Goes back to be claimed by stakers:
Nom! Nom!
2# PEG Stabilization by increasing the BUSD-LUSD Liquidity Pool:
I say we vote to barrow 100k in LUSD worth of Lina to add to the liquidity pool to stabilize it. Or LUSD from the Vault!, borrowing but not spending from the considerable DAO fund or even better the LUSD Vault is in our analysis possible and we project that just a 50-100k addition would be effective in helping stabilize things.
3# Upgrading Exchange UX
I invite us to create a proposition and vote to ask the dev to take a deep dive in stability improvements, we can’t be having so many fails on a financial tool, and when there are system issues, I believe they should be communicated to the community, maybe there can be a discord channel just for these system notifications and updates on their progress. Communication is key. Saying its the bcc chain when you can still buy and sell on PCS doesn’t sound like a good excuse for the epic fails in times of need, ie pumps, dumps, rebalancing/claiming day. There needs to be a true improvement to bring integrity to the system.
4# Growing the Community - ie Marketing, Educational Materials, Partnerships, and Key Influencers.
We have some ideas on this coming from what we have heard from the community along with the councils personal experiences using the platform. Expect to see something awesome to address this coming very soon.
5# Adding commodities and other investment opportunities that exemplify the unique traits of the Linear Finance protocol.
I defer to the investment wizards on this one. To find and create some very unique investment opportunities here. Then the community can simply vote to addd them or not.
6# Launching a Linear Finance Youtube and Reddit Channel
I do love this idea, it could be profound, I say we vote that the Linear Team adds and maintains these channels, if needed, pull from the DAO Treasury fund.