Follow-up Vote to OIP-151(approved) to mint stTBY (snapshot link)
Key items moving forward:
- Team is working with RedStone and Olympus Devs to solve pricing methodology / liquidity considerations as they relate to RBS parameters
- Launch in February, looking to have an oracle solution completed for an at-launch integration
- The next steps are for the DAO to consider the best amount to mint and the method of SUP distribution
This vote is focused on deciding the right amount of stTBY to mint.
We suggest the following options:
$2M, $5M, $10M, or $15M
As a reminder, the SUP allocation will be determined at a rate of 0.25% supply per $1M minted.
The next vote will cover the distribution mechanism of SUP