We have seen overcollateralization stablecoin protocol but extreme overcollateralization is something new. Overcollateralization is a way that many stablecoin protocol uses to maintain its peg and stability but with a collateral to capitalization ratio of more than 10x what you are going to achieve? How this will get extra benefits to the protocol i do not understand. Other overcollateralization protocol maintain a standard capitalization ratio but i do not know if any protocol even has 2x. The projects commitment to autonomy will prevent any kind of 3rd party involvement of manipulating the protocol. Furthermore operate as a non profit organization and offer the code as open source gives the project transparency and trust.

But i have some concern that i need answer to:

1. The Sherlock team's audit is well recognize in the industry but could you elaborate on the scope and thoroughness of the audit?

2. How will you manage the risks associated with BGL's small capitalization and deflationary nature?

3. Will you elaborate the way of making governance decision how you are going to face the governance voting manipulation ?

4. In a competitive stablecoin market what strategy you are going to use for marketing? 

5. As a non profit entity how you are going to maintain the projects operational cost?