Hi all,
Unless anyone has further objections to the points raised by myself and Brave on the oracle buffer in the last two posts regarding security/materiality vs. the benefit of having a lower value, suggest that we proceed with putting a 1% buffer forward in the on-chain vote (subject to any further analysis from e.g. Chaos Labs).
Parameters put forward in the on-chain governance vote would be:
- oracle buffer = 1%
- opening spot_price_b = 50% of wNXM price at time of putting forward the on-chain governance vote
- opening spot_price_a backsolved such that internal_price = old bonding curve price
Open invite to please speak up if you strongly believe we should continue this discussion and put forward alternative values for the oracle buffer at this time. If there are no further comments, will consider this discussion, and the initial parameter discussions as a whole to be complete.