Multisig, Team Reorganization and Roadmap.

13 May 2021, 17:30

📡📡📡 Multisig, Team Reorganization and Roadmap We are pleased to report that the Basis Cash Protocol is now managed by a community-controlled multisig. Multisig members qa1q, Rocz were elected via BIP-15, joining Morty, yyctrader and 韦恩-Wayne. All transactions now require 3/5 signatures to be executed. ✳️ Team Reorganization 👉 韦恩-Wayne is nominated as our Operations Manager, responsible for project management, budget, and interface between DEV and marketing. He will continue to manage Asia-Pacific marketing and ecosystem collaborations. 👉 qa1q (solidity) and chliu (front end) have joined the dev team. ✳️ Core Protocol Roadmap After consultations with the new dev team, we expect the following timelines: 👉 Critical Issues - Bondroom - Will go live 5/18 - Unclaimed LP rewards list - 5/19 - Unclaimed LP rewards distribution - 5/25 👉 Phase 2: BIP-13 - Revised BAS Emissions Schedule -7% Weekly Reductions to begin on 5/31 👉 Phase 3 - BIP-8 (Bond Redemption Reverse Dutch Auction) may be revised to offer users the option to lock their bonds to get an even higher yield at redemption upon reaching peg. - Potentially introduce Boardroom locking using the Curve model with increased rewards based on lock period. - UI updates: Boardroom APY, Display Dynamic Emission Ratio between LP and Vault, Chinese version of the UI. - BAS V1 Second Migration Window Note: BIPs will be raised for Phase 3 modifications after Discord discussions.