Author:

@Jango @Mr. Goldstein

Proposal date:

December 14, 2021

What is the goal of this proposal?

The goal of this proposal is to strengthen JBX membership. It does this by

• increasing the cost of entering the DAO up front and over time
• distributing JBX to builders within the DAO
• decreasing the automatic distribution to specific reserved token members
• creating more incentive for JBX members who want to leave to do so.

Provide a comprehensive summary of your proposal.

At its current state the JuiceboxDAO protocol has 3 key levers that could be adjusted to alter the Mechanism: Discount Rate, Reserve Rate, and Bonding Curve.

While all three levers impact the mechanism of the JBX token, every lever has a different impact on the mechanism with various orders of magnitude.

Thus far, the JuiceboxDAO has been focused on building and advancing the Juicebox ecosystem by furthering the distribution of the JBX token and incentivizing new builders. Any and all mechanism changes should be focused on continuing that trajectory.

Even though the Juicebox protocol enables the DAO members to create multiple changes to the mechanism every funding cycle, we suggest rolling such changes gradually and not all at once. We propose adjusting the existing reserve rate from 35% to 50% and distributing 20,000,000 JBX to the discord community through tip.cc.

To better explain the rationale behind the options that were considered, the following will outline the impacts and considerations of potential mechanism adjustments that were considered: