tags: CommonsConfig

Example Commons Config Github Issue Submission

My Submission Title

Advanced Settings Modified? (Yes or No)

What is your overall Commons Configuration strategy?

The proposer here should outline their big picture thought process for the settings they chose. Also here they can highlight if their proposal is a fork, what they changed or perhaps any unique and/or contentious settings they chose and why.

Module 1: Token Freeze and Token Thaw

  • Token Freeze is set to 10 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 10 weeks.
  • Token Thaw is set to 42 weeks, meaning that from the end of Token Freeze, over the course of 42 weeks tokens minted for Hatchers gradually become liquid. At the end of 42 weeks 100% of the Hatchers' TEC tokens have become liquid.
  • The Opening Price is set to 2.00 wxDAI, meaning at the outset of the Commons Upgrade the price to buy TEC on the Augmented Bonding Curve will be 2.00 wxDAI.

Strategy:

Here the proposer can explain their parameter choices, briefly or in depth if they choose.

Data:

# of Weeks % of Tokens Released Price Floor of Token
5 weeks 0% 2 wxDAI
10 weeks 0% 2 wxDAI
20 weeks 40% 1.10 wxDAI
30 weeks 60% 0.80 wxDAI
40 weeks 80% 0.45 wxDAI
52 weeks 100% 0.00 wxDAI

Module 2: Augmented Bonding Curve (ABC)

  • Commons Tribute is set to 35%, which means that 35% of the Hatch funds will go to the Common Pool and 65% will go to the Reserve Balance.
  • Entry Tribute is set to 5% meaning that from every BUY order on the ABC, 5% of the order value in wxDAI is subtracted and sent to the Common Pool.
  • Exit Tribute is set to 15% meaning that from every SELL order on the ABC, 15% of the order value in wxDAI is subtracted and sent to the Common Pool.

Strategy:

Here the proposer can explain their parameter choices, briefly or in depth if they choose.

Data:

We're very bullish on TEC so we only provide the BUY scenario as the standard 3 steps that are used to compare different proposals

ABC Milestones

TEC Token Price (wxDAI) Reserve Balance (wxDAI) Total Token Supply (TEC)
0.75 250,000 80,578
1.40 500,000 120,321
1.67 1,000,000 300,589
2.10 2,000,000 420,235
2.80 3,000,000 592,983
4.45 5,000,000 802,712
9.10 10,000,000 1,123,912

Bullish Market Scenario with TEC Buy-In

Step # Current Price

wxDAI/TEC

Amount In Tribute Collected (wxDAI) Amount Out New Price

wxDAI/TEC

Price Slippage
Step 0 (TEC Buy-In) 2.00 250,000 wxDAI 12,500 wxDAI 65,790 TEC 3.90 95%
Step 1 3.90 200 wxDAI 10.00 80 TEC 3.97 6.2%
Step 2 3.97 2000 wxDAI 100 704 TEC 4.44 12%
Step 3 4.44 60 TEC 67.43 263.48 wxDAI 4.35 6.2%

Module 3: Tao Voting

  • Support Required is set to 75%, which means 75% of all votes must be in favour of a proposal for it to pass.
  • Minimum Quorum is set to 5%, meaning that 5% of all tokens need to have voted on a proposal in order for it to become valid.
  • Vote Duration is 7 day(s), meaning that eligible voters will have 7 day(s) to vote on a proposal.
  • Delegated Voting Period is set for 5 day(s), meaning that Delegates will have 5 day(s) to use their delegated voting power to vote on a proposal.
  • Quiet Ending Period is set to 1 day(s), this means that 1 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
  • Quiet Ending Extension is set to 1 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 1 day(s) will be added for voting.
  • Execution Delay is set to 8 hour(s), meaning that there is an 8 hour delay after the vote is passed before the proposed action is executed.

Strategy:

Here the proposer can explain their parameter choices, briefly or in depth if they choose.

Data:

# of Quiet Ending Extensions No Extensions With 1 Extension With 2 Extensions
Total Amount of Time to Complete a Vote 5 days 7 days 9 days

Module 4: Conviction Voting Strategy

  • Conviction Growth is set to 2 day(s), meaning that Conviction will increase by 50% every 2 day(s).
  • Minimum Conviction is set to 1%, this means that to pass a funding request for an infinitely small amount will still take a minimum of 1% of the total TEC currently active in the Conviction Voting application.
  • The Spending Limit is set to 20%, which means that no more than 20% of the total funds in the Common Pool can be requested by single proposal.

Strategy:

Here the proposer can explain their parameter choices, briefly or in depth if they choose.

Data:

Variables Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6
Effective Supply 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Requested Amount (wxDAI) 1,000 1,000 5,000 5,000 25,000 25,000
Amount in Common Pool (wxDAI) 100,000 750,000 100,000 750,000 100,000 750,000
Minimum Tokens Needed to Pass 12,000 10,000 20,000 15,000 Not possible 150,000
Tokens Needed To Pass in 2 weeks 25,000 20,000 50,000 40,000 Not possible Not possible

FORK MY PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter Value
Token Freeze 10 Weeks
Token Thaw 42 Weeks
Opening Price 2 wxDAI

Module 2: Augmented Bonding Curve

Parameter Value
Commons Tribute 35%
Entry Tribute 5%
Exit Tribute 15%
*Reserve Ratio 20%

*Reserve Ratio is an output derived from the Opening Price and Commons Tribute. Learn more about the Reserve Ratio here.

Module 3: Disputable Voting

Parameters Value
Support Required 75%
Minimum Quorum 5%
Vote Duration 7 days
Delegated Voting Period 5 days
Quiet Ending Period 1 day
Quiet Ending Extension 1 day
Execution Delay 8 hours

Module 4: Conviction Voting

Parameter Value
Conviction Growth 2 .00 day(s)
Minimum Conviction 1%
Spending Limit 20%

*Advanced Settings

This will be empty or non-existant if the user did not change any advanced settings from their default. Any settings changed from default will show up here

Parameter Value
Minmum Effective Supply 4%
Hatchers Rage Quit 3%
Virtual Balance 3,000,000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK MY PROPOSAL (link)

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