TIP 46: Defi Liquidity Bootstrap and Growth Part I - Market Maker

:eyes: Important Proposal Information

Strike price was discussed in a previous version of this proposal but is not directly discussed in this post. It was correctly flagged as an important detail that needs to be defined here so there is no proposal ambiguity.

The strike price for the first tranche is a 7 day T moving average (MA) on engagement commencement.

In this case engagement commencement is when the proposal passes, the Governor Bravo timelock ends and T is automatically transferred from the DAO to the address Sense provided.

7 day MA is defined as T price over 7 days divided by 7 starting at commencement calculated using the CoinGecko price feed.

Subsequent strike prices are not directly relevant to this proposal and can be defined in following proposals that examine continued engagement.

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