Great idea!
Dropping below INTRINSIC value is worst case scenario - dropping below "Backing per OHM" has been developed as a sell signal by forks, when in fact (in my mind, happy to be corrected) it's just an indicator as to how well the treasury is doing at amassing value (it fluctuates due to market conditions -- anon, does "Backing per OHM" also include risk-on assets such as ETH or only RFV stables? If risk-on, then wild price swings makes sense, but I'm not sure?)
We only need to hold the equal amount of risk free units to the total supply of OHM units, to be able to burn if price drops below intrinsic value.
Inverse bonds, creates an internal exchange market between sellers and the treasury and prevents them from market selling on AMM's which creates more sell pressure in the wider market and pushes OHM price down towards intrinsic value price.
What happens to runway with Inverse bonds - does it drop?
What happens if a whale forces price down by market selling - does this action push down "Backing per OHM" or is that only pushed down by wider market conditions on treasury owned assets?
If its not and a whale IS able to manipulate "Backing per OHM" by market selling, what prevents them from using this tactic to drain treasury?