Author:

@Jango @Mr. Goldstein

Proposal date:

December 17, 2021

What is the goal of this proposal?

Strengthen JBX membership by adjusting the bonding curve from 60% to 70%. This change will further incentivize early token holders to burn JBX tokens for a share of the JuiceboxDAO treasury and decrease the total JBX in circulation.

Provide a comprehensive summary of your proposal.

Bonding Curve adjustments are a significant lever within the Juicebox mechanism. By adjusting this lever closer to 100%, the JuiceboxDAO provides early contributors a better incentive to burn JBX tokens in return for a portion of the treasury thus better distributing governance among the JuiceboxDAO memebers.

We propose to adjust the Bonding Curve from 60% to 70%. At 60%, the DAO is currently offering 1 ETH back from the treasury for each 679,652 JBX ****burned. At 70%, this will be 1 ETH for about 594,600 JBX burned.

What changes should be made to the bonding curve?

Adjust bonding curve from 60% to 70%

What changes should be made to the reconfiguration ballot?

N/A

What is the expected short term impact and longer term impact of enacting the changes being proposed?

• Reduce JBX token inflation by incentivizing token holders to burn JBX in return for ETH
• Better aligns incentives between early and new JBX token holders
• Enables early JBX token holders to redeem ETH for JBX to better distribute JBX tokens and governance power