Hardcap the bonding curve
AI summary
This proposal suggests setting a hard cap, or maximum limit, on the number of Aavegotchi tokens (GHST) that can be minted through the bonding curve. The proposed limit is 50 million GHST tokens. The goal is to transition future token trading to decentralized exchanges (DEXs) once this limit is reached.
If passed, this would stop the continuous minting of GHST tokens via the bonding curve, potentially shifting price discovery to DEXs and benefiting early token holders. It aims to make token acquisition more accessible by removing KYC requirements associated with the bonding curve.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Hardcap the bonding curve to a near future limit (50m proposed) beyond which no new tokens can be minted. Allows future trading to migrate to DEXs (stops excluding those who can't KYC) to allow price discovery and benefit early supporters/contributors/buyers more than those onboarding later.