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Remove bootstrap redemptions lock #109

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bingen opened this issue Apr 10, 2024 · 1 comment · Fixed by #110
Open

Remove bootstrap redemptions lock #109

bingen opened this issue Apr 10, 2024 · 1 comment · Fixed by #110
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@bingen
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bingen commented Apr 10, 2024

We’ll start the system with a 5% fee and use the regular decay. This way:

  • We don’t have custom code that is used during a short period and then discarded, nor features that kick in after deployment.
  • We make sure the peg can’t go below 0.95
@bingen
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bingen commented Apr 11, 2024

Reopening because now the decay is too fast for the bootstrap period, it needs to be reviewed.
See discussion starting here: #110 (comment)

@bingen bingen reopened this Apr 11, 2024
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