On November 16th, we will allow users to use $BOND to farm more $BOND in a 3rd pool: the #hodl pool.
Here is how it will work:
There is a general concern having gone back and forth on a wide variety of options that any lock we put in place early on rewards on will further hamper decentralization. For instance, if we lock rewards for 12–24 months, without allowing for liquidity in $BOND, the project will become more centralized due to the locks.
In the 12 weeks leading up to the DAO launch, pool 3 will use the same contracts we used for pool 1. This is, in part, due to the audits being complete.
We have conducted a couple of internal audits on the smart contracts with the help of our technical advisors Atpar. We also had an outside audit conducted by Hacken. You can find the audit report HERE.
However, more importantly, it gets more $BOND in the ecosystem faster leading up to our product launches.
It’s important to note, we have no expectation that this will affect price positively or negatively.
This move by the team has nothing to do with price, it has everything to do with giving long term believers a mechanism where they are rewarded (via a higher proportion of network governance) for #hodling $BOND, signaling their belief in the project long term. This is net positive for long term believers & “the little farmers” & net neutral for robo-farmers.