b180RATIO Public Offering
Ratio Finance is pleased to announce its first-ever public offering of b180RATIO which will grant the community and broader ecosystem a chance to participate in Ratio Governance. b180RATIO will be offered via Dutch Auction, powered by Socean Streams. The sale begins on August 22, 2022 at 12:00 UTC.
In this first offering which could last up to 30 days or until sold out, 100,000 b180RATIO will be made available to be swapped for native $RATIO tokens beginning at a 10% discount, and increasing in discount as time goes on. This provides users with both the financial incentive for bonded tokens at a discounted price as well as the opportunity to actively participate in governance in the future DAO of the Ratio platform.
What is Socean Streams?
Socean Streams allows you to buy governance token vesting contracts that unlock governance tokens over a period of time. In return, you get a discount on the tokens.
Why b180RATIO and Socean Streams?
b180RATIO is powered by Socean Streams, a protocol that allows DAOs to issue bonded versions of their native governance token at a discounted price. Streams uses Dutch Auction mechanisms to establish fair market prices for bonded governance tokens. “b180RATIO” means that the offered $RATIO tokens in this sale will be linearly vested over 180 days. Purchasers of b180RATIO can claim their respective portion of tokens daily via the Streams frontend.
Ratio Finance is using b180RATIO as its governance token for several reasons, namely:
- Bonded governance tokens introduce skin in the game into the governance of Ratio Finance.
- b180RATIO is relatively illiquid, which incentivises stickiness for those that participate in the governance of Ratio Finance.
- Solana Governance allows for voting power in the Ratio Finance DAO to be proportional to the total amount of b180RATIO in circulation (introducing novel deflationary mechanisms for vote decay).
- Demand for governance power in the Ratio Finance DAO drives demand for the needs of the Ratio Finance DAO. The Ratio Finance DAO has flexibility in terms of what it wants to accept in return for b180RATIO. This might be $RATIO, $RATIO/USDC LP, or even $USDr.
- Finally, market prices to provide rewards levels for governance staking.
How does the sale work?
The sale starts with a 10% discount for purchase of b180RATIO. If no purchases are made, an additional 3% discount will be offered daily. The sale will last for 30 days, or until sold out.
Example:
- day 1: 10% discount
- day 2: 13% discount
- day 3: 16% discount
etc.
There will also be prizes / giveaways available for those who purchase b180RATIO.
What can you do with b180RATIO?
b180RATIO includes opportunities for:
- Grant Proposals
- The Request of a Ratio Risk Rating
- Collateral Integration
- $RATIO Emissions to a Vault of Choice
- Reassessment of a Ratio Risk Rating
- Coming incentives for usage of the Ratio Finance platform/minting USDr
And so much more!
When does the sale start?
The sale begins this Monday, August 22, 2022 at 12:00 UTC.
Learn more about Ratio Finance by visiting the below links:
Telegram | Telegram Announcements | Twitter | Discord | Medium | Website
Ratio Finance’s mission is to enhance liquidity and De-Risk DeFi, to allow both retail and institutional investors to participate in these novel markets.
Our long-term vision is to be the Risk Rating Agency for all of Decentralized Finance.
