Author:

@Jango @Mr. Goldstein

Proposal date:

December 17, 2021

What is the goal of this proposal?

The goal of this proposal is to strengthen JBX membership by adjusting the Reserve Rate from 35% to 50%.

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. to that end, we propose adjusting the existing reserve rate from 35% to 50%.

• Potential change - adjust the Reserve Rate to 50% from its current value of 35%. Allocate 75% ****of the reserved tokens to the to the DAO (dao.jbx.eth), and 25% split evenly between DAO delegates (currently the 6 on the reserved list: jango.eth, peri.eth, exekias.eth, nnnnicholas.eth, wagmi studios, and canu dao)
• Impact
  • Immediately reduce distributed JBX issuance per ETH contributed
  • Increase issuance for the DAO itself. Total issuance will remain the same
  • Further empower the DAO with additional treasury contribution thus empowering network support among builders
  • Decrease JBX allocation to jango.eth, peri.eth, exekias.eth, nnnnicholas.eth, wagmi studios, and canu dao

What changes should be made to the reserved rate?

35% ⇒ 50%.