Direct $BOND held in the BarnBridge DAO treasury to participate in the proof of capital distribution of $FDT with FIAT DAO.
Allocate $BOND held by the BarnBridge DAO to the jubilee staking pool and earn $FDT rewards. Subsequently, stake all rewards earned into the FIAT DAO to accumulate additional $FDT.
If successful, FIAT DAO could be a large source of inbound liquidity for BarnBridge. Holding governance power to promote smart yield asset inclusions should be beneficial to all BOND holders.
Treasury $BOND will be staked into the proof of capital pool to earn $FDT, the FIAT DAO governance token. At the conclusion of the jubilee event, all staked $BOND will be returned to the BarnBridge treasury. All accrued $FDT rewards earned during the jubilee event will be staked in the FIAT DAO where a 16 week emissions period of 20M $FDT begins at the start of the second epoch. Assuming no further emissions, all $FDT will be returned to the BarnBridge DAO treasury.
Timing and $BOND allocation will be critical for this proposal. I’m assuming a 11 day lead time from this post to asset deployment ( 2 day forum + 2 day snapshot + 7 day on-chain vote). This will give treasury exposure to the final two epochs or a pro rata share of 3.75M $FDT.
Currently the BarnBridge treasury is holding 2.94M $BOND and the jubilee staking contract is holding 915K $BOND. I’m advocating for 1M $BOND or approximately ⅓ of treasury $BOND to roughly double the total staked $BOND in the FDT contracts. Assuming no change in deposits, this should result in 1.875M $FDT rewards for the treasury.
Please signal your preferred $BOND allocation below:
- 0 BOND
- 100K BOND
- 250K BOND
- 500K BOND
- 1M BOND
- Governance power in FIAT DAO.
- Power to promote SY asset inclusion.
- Yield for idol treasury assets.
- Dilution of current BOND stakers in jubilee event.
- Significant treasury assets will be at risk.
- BOND allocation is too high.