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Add Option for in Dollar calculated DFI amount for CFP #1524

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bernd-mack opened this issue Oct 24, 2022 · 1 comment
Open

Add Option for in Dollar calculated DFI amount for CFP #1524

bernd-mack opened this issue Oct 24, 2022 · 1 comment

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@bernd-mack
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What would you like to be added:

For onchaingovernance and applying for a CFP the addition of an option to automatically measure the DFI amount directly at the end of a vote in dollars.
Example:
CFP request over $100 and DFI price stands at $1 -> One would need to request 100 DFIs.
If the DFI price at the end of the voting is now 2$, you will get DFI in the equivalent of 200$ instead of the required 100$ due to the increased price. The same applies to the other direction, with a price of 0.5$ at the end of the voting, this means that one receives only 50$ instead of the required 100$.

Why is this needed:

At the moment CFPs are requested in DFI, but due to the duration of a voting and the price development it is not possible to estimate the DFI price at the end of the voting and therefore one has to build in a buffer to have some reserve in case of a drop and if the price rises, more will be distributed measured in dollars than might be needed.

@defichain-bot
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@bernd-mack: Thanks for opening an issue, it is currently awaiting triage.

The triage/accepted label can be added by foundation members by writing /triage accepted in a comment.

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3 participants