Re: [ANN][BOND]BarnBridge: DeFi Protocol for Hedging Yield sensitivity; DAO SOON!!
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It should be kept in mind that the total supply is 10 Million out of which a little over 2 Million are in circulation. The locked USDC/sUSD/DAI on the Pool 1 divides 32000 bond each week amongst the stakers. Those who provide liquidity on Uniswap (Pool 2) divide 20,000 per week amongst them. The risk-free Bond staking pool (Pool 3) divides 5000 tokens per week. This will come to an end on coming Sunday, Jan 31st. Post this, $BOND can be staked in DAO. With DAO launch, all of these things will be open to change as is the case with any other DAO.
It should be kept in mind that the total supply is 10 Million out of which a little over 2 Million are in circulation. The locked USDC/sUSD/DAI on the Pool 1 divides 32000 bond each week amongst the stakers. Those who provide liquidity on Uniswap (Pool 2) divide 20,000 per week amongst them. The risk-free Bond staking pool (Pool 3) divides 5000 tokens per week. This will come to an end on coming Sunday, Jan 31st. Post this, $BOND can be staked in DAO. With DAO launch, all of these things will be open to change as is the case with any other DAO.
Sorry, got a bit confused, current circulating supply is at ~2mil or is it around ~1mil (I got this number from your website). And still about token unlocking, the one you referred to end by 31 Jan is the token allocated for community, the 68% ones?
The last epoch will start on 31st. This will be the last week for Pool 3 and we will have the launch of DAO after hopefully the audits come back clean. The actual distribution of the token will continue for 100 weeks starting from October 19th, 2020. You don't have to worry as that 68% distribution to community is well into the future..
Oh, I see. So the 100 weeks gradual release is not just for team allocation, but for community allocation as well. Understandable and quite fair.
One thing, though, a lot of projects with long gradual token unlocking are facing a situation where their token were stuck at one price because once the token price goes up, an unlock happen and "flooded" the total supply. It triggers a panic sell and price goes back down. And, this happens over and over. Departing from this argument, wouldn't it be better to sum those unlocking stages into smaller waves? Although the smaller waves means a bigger amount of token "flooding" the market.