Turning off the GHST Bonding Curve

@Moon is this going to be taken forward into a sigprop? I would like to see how much of the DAO voting power backs the proposal to turn off the bonding curve.

It’s better for the whole community to know so we can prepare accordingly, rather than having those with huge voting power know they have sufficient votes based on private conversations.

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Hey Captain, I’d actually love it if you didn’t remain unbiased on this. Making alterations to the bonding curve is a massive change to the core function of the gotchinomics. It can’t be done lightly and it definitely isn’t as easy as just flipping the switch. I would love to know what you think.

At first I was all for removing the curve. However after reading some great posts for and against I’m not sure what the correct answer is as there are pros and cons to either system. BUT… if we did remove the curve then we would have two capped supply tokens - GHST and GLTR… which I feel are already fighting each other.

Now I know that GLTR is supposed to be in game and GHST is supposed to be out of the game. But didn’t we just sunset frens? What is the true utility for GHST? Noiw that frens are gone you don’t actually NEED ghst for anything. Sure the bazaar but those are nfts you can sell them anywhere, OK governance but you also get votes for owning land and gotchis…

I don’t think the bonding curve is the issue. I think it’s utility… We have a token not on a curve (gltr) and we have a token on a curve (ghst). lets make each play to their strengths and give gltr better utility that augments what the curve is designed to do.

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Agreed. I know it’s late on that front, but I personally really liked the raffles/frens… but I know it was tough to keep inflating supplies during a bear mkt with raffles to win things…

Why isn’t the DAO the arber? :rofl:

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This tho.

Maybe the best use of part of the DAO’s liquidity is to arb the CEX’s.

I don’t think a sigprop right now makes sense. No-one is saying turn it off now, unless I’m misunderstanding, this is for a hypothetical future where certain conditions and market forces align.

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I feel we should have a proper discussion on a Sunday before any actionable

I’m curious, who has read the Maker forum post?

  • I have read the Maker Post and understand the implications of free-floating DAI
  • I have not read the post or do not understand the implications

0 voters

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Maybe we should have a plan what we do if DAI becomes a unstable currency

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in this sense relying on something like ETH/AAVE/DAI/GHST balancer pool would be much more safer long term

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my main concern and why I against getting rid of curve: it changes the dynamics of the economy too much

sure, we have all the juicy upside, yet we also take more risk

I believe this DAO can make if we live long enough to build a great game. And so far curve was the stabiliser, it made us be more resilient.

We can actually not make it if we grow too fast. Check projects like stepn, where fast growth created a major problems in the future.

Finally, there are still tokens with tremendous upside within the gotchiverse, where more risk tolerant people can potentially make a much bigger gaits in compare to the base asset. We already have this!

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on the other hand, if we ensure locked liquidity with even better risk/reward potential (in compare to DAI) it can be a source of resilient as well :slight_smile:

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Thank you for sharing your sentiment

I feel like there could be two major discussion points here

  1. Should GHST be ‘bonded’ to some stabilizing mechanism

  2. If yes, what does that look like if DAI becomes free floating

I agree with your point on growing things too quickly, and the potential to get a bunch of our frens rekt with the whipsaw action of the market we see often in crypto—it creates a really bad sentiment around the projects when things take an extreme downturn

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Saw this as well in case it contains any additional useful info:

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Thank you for sharing this!

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So… stables are shennanigans galore. We need to raise our collective knowledge level by a lot before we mess around.

I thought about this for more time and now I understand GAX/GLTR mechanics already including what curve was providing, but with more elastic assets structure

now I think we should turn it off :slight_smile:

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I don’t know which of the two threads are most visible and effective to post the opinion, but I want to ctrlC ctrlV my opinion in both of them:

Bitcoin was made to go against centralized shit of GOV

And I dont understand, why we are looking on the way of opposition of the whole crypto solutions, aka centralized stablecoins - usdt, usdc.

I’m voting for GHO, and ETH.

P.s. GHO is Aave stablecoin that is on the track to be lunched in the future.
P.s.s. DAI is not going to face any vulnerabilities in the next year from now on, so I consider “turn off the curve ASAP” as a FUD. Imho.

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