{"id":3478,"date":"2020-11-23T22:53:47","date_gmt":"2020-11-23T20:53:47","guid":{"rendered":"https:\/\/esatoshi.club\/?p=3478"},"modified":"2020-11-23T22:53:51","modified_gmt":"2020-11-23T20:53:51","slug":"debaseonomics-x-satoshi-club-ama-recap-from-15th-of-november","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/11\/23\/debaseonomics-x-satoshi-club-ama-recap-from-15th-of-november\/","title":{"rendered":"Debaseonomics x Satoshi Club AMA Recap from 15th of November"},"content":{"rendered":"\n

Today we are glad to tell you about\nthe AMA session with our friends from Debaseonomics<\/a>. The\nAMA took place on November 15 and our guests were @icocountdown<\/a>, @VidarTheAuditor<\/a> and @anon18382<\/a>.<\/p>\n\n\n\n

The total reward pool was 1000$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n

Mary |\nSatoshi Club:<\/strong> Hello, Satoshi Club! We are happy to announce our AMA\nsession with Debaseonomics! @icocountdown<\/a>,\n@VidarTheAuditor<\/a> and @anon18382<\/a> welcome to Satoshi Club. 😀<\/p>\n\n\n\n

Icocountdown: <\/strong>Thank\nyou for having us, we really appreciate it.<\/p>\n\n\n\n

Mary |\nSatoshi Club: \u2026<\/strong>you can start now with your introduction 😀 and of\ncourse with introduction of Debaseonomics.<\/p>\n\n\n\n

Icocountdown: <\/strong>For\nsure, so debase is based on monetary policy for sure so debase is based on\nmonetary policy, however the governance of compound it allows dictation of\nmonetary policy, so its extremely dynamic you can change oracles with\ngovernance and dictate pegs as well, we also have stabilization pools which\nallows for less fluctuations with liquidity mining incentives, you can also\njust mine it with DAI. Without any risk since we have retained the auditor https:\/\/twitter.com\/VidarTheAuditor\/status\/1327009463728033798?s=20<\/a>\nthis is the newest audit that we have and we are working on cybersecurity\ndeployment directly with the auditor in the world currently there is alot of\ndebasement this means that inflation is happening, so its important to work on\na decentralized federal reserve.<\/p>\n\n\n\n

VidarTheAuditor: <\/strong>I\nam helping the team in securing the deployments. <\/p>\n\n\n\n

Mary |\nSatoshi Club:<\/strong> Can you give me examples of debasement in the world?<\/p>\n\n\n\n

Icocountdown:<\/strong> yeah\nwell right now currency is inflating due to covid 19 and otherwise this is due\nto central banks printing capital, since they have to give the populace aid, when\nthis happens inflation occurs, debase gives people a chance to look at whats\nhappening in the world and change governance models, so if inflation happens it\nwill be important to deflate the currency.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>It’s like you will burn a part of the money?<\/p>\n\n\n\n

Icocountdown:<\/strong> No we don\u2019t\nburn money we make choices about governance structures, there is too components,\nthe DEBASE coin and the DEBASEgov coin. The rebase coin works to a peg which is\npegged to dai which is the dollar, the debasegov token and the debase coin\ngenerally. So what happens is people determine through the governance token what\nto do with the monetary policy of the debase coin and then think that users in\na decentralized way can change oracles and monetary policy.<\/p>\n\n\n\n

D. |\nSatoshi Club:<\/strong> So you have two tokens?<\/p>\n\n\n\n

Icocountdown:<\/strong> Yes, one\nis the governance and one is the monetary supply itself, DEBASE AND DEBASEGOV\ntokens, you can see it on the website along with all the contracts.<\/p>\n\n\n\n

D. |\nSatoshi Club: <\/strong>Both these tokens in circulation?<\/p>\n\n\n\n

Icocountdown: <\/strong>The\ndebasegov tokens are not, there is two pools currently, one is a dai pool when\nyou mint the intiial tokens which is DEBASE, and a second pool DEBASE\/DAI UNI\nLP 2 tokens where you can mine also, obviously the second pool is riskier due\nto impermanent loss. However you can unstake both at anytime, you will be able\nto farm the debase governance once initial mining ends.<\/p>\n\n\n\n

Q1 from\nTelegram user @iulya_i <\/strong><\/p>\n\n\n\n

I was\ntrying for 10 times to remember the name of your project. It is quite hard. How\nwas the process to select it? I propose you to make a rebranding to make it\neasy to remember.<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>The\nname is based on monetary currency value to debase a currency means to make it\nlose its value, so i think its fitting we keep the name as inflation is\noccurring in the real world and people need a hedge so i dont think we will\nrebrand it.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>Ok, do you plan to educate your users? May be some simple\neducational articles?<\/p>\n\n\n\n

Icocountdown: <\/strong>Its\nalready done, we do this daily and tell them what the project is and why it has\na format we have a medium here and this gives some educational construct.<\/p>\n\n\n\n

https:\/\/punkunknown.medium.com\/uniswap-and-elastic-supply-tokens-troubled-co-dependence-ba3ecfcfcc76<\/a><\/p>\n\n\n\n

This is the most recent article about uniswap and co-dependence if\nyou want to ask more questions you can talk to us on telegram directly and we\ncan educate here https:\/\/t.me\/debaseonomics<\/a>\n<\/p>\n\n\n\n

Q2 from\nTelegram user @nadynas <\/strong><\/p>\n\n\n\n

How can\nyou incetivize the DEBASE hodlers to stabilize the price? Does it mean that you\nintervene with incentives when the price is low?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>So\nwe have stabilizer pools which the governance token determines you can see this\non the website, mining\/farming is not finished yet we incetivize users with\nzero risk through audits and free coins, we cannot intervene with incentives\nthe governance token is mined and user owned, users dictate the monetary\npolicy, there was no presale or premine \/ prefarm, you can see this here on the\nwebsite and learn more about it. https:\/\/debaseonomics.io\/<\/a>\n<\/p>\n\n\n\n

Stabilizers are custom pools built and approved by governance to\nhelp reward behaviors that could help stabilize DEBASE to its target price in\nthe long or short term. These pools will initially have no funding and will\nhave custom triggers that will be checked against, during every rebase. If an\napproved pool’s conditions are met, then the policy contract, which initially\ncontains all 90% of Debase tokens, will transfer funds to the stabilizer pool\n(reward amount is configured by governance during approval). The pool can then\nuse its own unique strategies to distribute these funds.<\/p>\n\n\n\n

An example of a simple stabilizer pool that is currently launched\ncounts the number of times debase hits its target price when a rebase happens.\nIf the count goes above a configurable threshold, then the stabilizer pool will\nbe funded with a configurable amount of Debase tokens to be rewarded to the\ncommunity. To earn this reward, the community will be staking in Debase\/Dai-LP\ntokens, providing more long-term liquidity when the distribution pools have\ndried up. The neutral rebase count can also be configured to reset its count\nwhen the target price is not hit during a rebase.<\/p>\n\n\n\n

Other examples of potential pools include one where users will be\nrewarded wrapped DEBASE tokens with specialized time-based behaviors to\nincentivize it’s holding or selling when DEBASE is not at its target price, or\npools that encapsulate behaviors used by other rebasing token like random\nrebases implemented by RMPL. Finding the ideal solution to the price stability\nof DEBASE will be main focus of the community and governance going forward.<\/p>\n\n\n\n

This is the methodology of stabilization with the pools they earn\ncoins from contributing to stabilizer pools.<\/p>\n\n\n\n

D. |\nSatoshi Club: <\/strong>When mining\/farming will be finished?<\/p>\n\n\n\n

Icocountdown: <\/strong>It\nwill be around 6-8 days initial supply is around 95k, halving happens everday\nlike bitcoin, bitcoin doesnt halve everyday but we use the halving procedure\nbitcoin halves every couple of years :3, we used halving to incentivize the\nmining.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>And which feedbacks do you now have from your community? Do they\nenjoy mining?<\/p>\n\n\n\n

Icocountdown: <\/strong>Yup\nits free capital, anyone can mine if they have dai with extremely low risk\nsince we paid for audits and if they want to be apart of the governance\nstructure they can be mining for the governance token hasn\u2019t started yet.<\/p>\n\n\n\n

Q3 from\nTelegram user @ibramladen <\/strong><\/p>\n\n\n\n

Why you\nhave decided to start the rebase at least 1 week after the launch? What\nadvantage is given by this?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>That\nis when mining ends, so there is 95-100k depending on mining and halving, 95k\nis the end basically and thats when the rebase starts then there is 900k that\ngoes to stabilization pools all this is decentralized and automated with\ncontracts as per our audit, mining \/ farming same thing essentially.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>Didn’t you think that it is very short term?<\/p>\n\n\n\n

Icocountdown:<\/strong> No\nbecause we see that this is needed in the world now, longer periods of mining\nis boring and not super interesting only apart from bitcoin and Ethereum traditional\nproof of work for coins like bitcoin and ethereum is now down to large mining\nfarms and we need to gain attention for the project quickly and succinctly.<\/p>\n\n\n\n

D. |\nSatoshi Club:<\/strong> So final supply will be 95k tokens and after end of the mining\nthis supply can change depends on rebase?<\/p>\n\n\n\n

Apple\nCider: <\/strong>Debases total supply is 1 million. The distributed part is 100k.\nAs rebases happen the supply changes. In doing so holding of each holder.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>So, if i have, for example 100 DEBASE on my wallet, tomorrow i can\nhave 99 or 101?<\/p>\n\n\n\n

Apple\nCider: <\/strong>Easiest way to think of it is. Like. Say you have a pie of some\nset size and every has their set pieces in the pie. When a rebase happens. I\ngive you a new pie but in the pie you will get the same sized pieces as before.\nSo you always own an equal % of the token no matter the supply.<\/p>\n\n\n\n

Icocountdown: <\/strong>Rebases\nhave started yet with DEBASE, you have to wait until the end of the mining\nperiod at the end of the mining period it uses the UNISWAP oracle currently\nwhich can be changed, so your coin amount at this current value will go up.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>Do you plan to list DEBASE in the future on CEXs?<\/p>\n\n\n\n

Icocountdown: <\/strong>Its\ncompletely open source but we have been in contact with some exchanges that are\ninterested in listing, but again anyone can add it and i believe because of its\ndecentralized nature it will be opportunistic for them to list it, *\ncentralized exchanges.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>As i know rebase tokens cam have some problems with CEXs listings,\nor let\u2019s call this issues?<\/p>\n\n\n\n

Icocountdown: <\/strong>Yes\nfor sure they cannot be added currently since users get annoyed by their\ndevaluation i believe and inflation however we are fixing this with the\nstabilization pools this is the idea of the project we are aiming to be the\nprimary decentralized stablecoin in the market.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>At which price you want to be stable?<\/p>\n\n\n\n

Apple\nCider: <\/strong>Our current target is 1 Debase: 1 Dai, but this can be changed\nwith governance.<\/p>\n\n\n\n

Q4 from Telegram\nuser @boeingbadge<\/strong><\/p>\n\n\n\n

Asymmetrical\nlag seems to be a mechanism that will be governed by the community. Can you\ntell us firstly if this action does not require some special knowledge on part\nof the people deciding, and where do the funds for it come from?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>That\nis built into the code already, the main rationale is understanding it and what\nit does, so this is the definition of it:<\/p>\n\n\n\n

Debaseonomics allows for the governance to adjust the smoothing\nparameter (Rebase Lag) over configurable ranges that is applied in-order to\ndampen supply changes during a rebase. The rebase lag can be configured to\nbehave in accordance with both the amplitude and sign of deviation between the\ncurrent price and the target price thus allowing for asymmetric lag. This flexibility\nprevents the protocol from increasing or decreasing the supply too fast if\nsuitable to circumstance. For instance, say the supply needs to increase by an\naddition of 1000 DEBASE tokens to account for the price difference from the\ntarget price, and governance has configured a lag parameter of 20 to be applied\nfor the supply change range of 500-1500. Here, the supply increase will dampen\nby a factor of 20 and to reduce the supply increase to 50 Debase only. Thus a\ndramatic increase in supply will not be seen. <\/p>\n\n\n\n

On the other hand, if 10000 DEBASE tokens are to be added in\nrebase, a lower lag parameter of 5 can be used to lessen the smoothing effect\non the supply change. In theory, this enforces a more dramatic supply change\n(and presumably, price change) relative to the previous example.<\/p>\n\n\n\n

Apple\nCider: <\/strong>The simply when we change the supply of the token. If the supply\nis too dramatic it will cause shocks in the price of the token. So say we\nincrease the supply from 1000 Debase to 2000 Debase. Having a 100% jump is\nsupply is not advised. So the lag parameter is there to dampen the supply\nchange, what asymmetric lag does is that say. \u2026Debase is current priced at 2$,\nmeaning its 1$ far away from the target price. So we would want to induce a big\nsupply change.<\/p>\n\n\n\n

So that the selloff action can induce the price to go down. So our\nlag damper would be left. Meaning sharp supply increase. More likely to give a\ndrop. Now if the price is at 1.5$<\/p>\n\n\n\n

Icocountdown: <\/strong>It\ncan scale up and down due to the governance essentially and is slowed due to\nsupply shock a lot like tether where supply is increased however this is\ndecentralized and community run. Its to stabilize essentially so the market can\nreact in due course.<\/p>\n\n\n\n

Apple\nCider: <\/strong>We would apply a bigger lag damper. So supply doesn’t increase too\nmuch, If it did the price would over correct to below the target. The think\nof it like ranges of lags to apply at different pricings.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>So, it will correct community decisions if they would be extreme?\nOr i still didn’t get it? 😂<\/p>\n\n\n\n

Icocountdown: <\/strong>It\ndoesnt give an intial supply shock of huge amounts up or down either way. It\ngoes up and down gradually essentially, if supply is increased or decreased, so\nthe market doesnt get too constricted or flooded.<\/p>\n\n\n\n

Apple\nCider: <\/strong>The idea of correctness would depend on the performance of the\ncoin, meaning governance could add a lag parameter.<\/p>\n\n\n\n

Q5 from\nTelegram user @piccoloclub<\/strong><\/p>\n\n\n\n

You have\nAmpleforth white paper on your website, but don’t have your own. Are you\nsomehow related to this project and don’t you find it strange to lack a\nwhitepaper?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>The\nwhitepaper is listed because we forked the ampleforth codebase along with some\nother codebases and modified them along with COMPOUND and others, the\nwhitepaper is the website, all the data is on the main page of the website\nalong with individual contracts, that anyone can verify and audit the main\nwebsite is the whitepaper. https:\/\/debaseonomics.io\/<\/a>\nthe main site contains all data as a whitepaper along with a verified and\naudited codebase.<\/p>\n\n\n\n

Mary |\nSatoshi Club:<\/strong> But you have your own concept, right? Didn’t you think\nthat you will need your own White Paper?<\/p>\n\n\n\n

Icocountdown: <\/strong>As\ni said, the whitepaper is the main website, it defines everything including data\nand the verified codebase.<\/p>\n\n\n\n

Apple\nCider: <\/strong>The rebasing model is based upon Ampleforth. The governance model\nis based upon Compound Finance. The point here is that contracts have been\ntried and tested. So building your code upon good work.<\/p>\n\n\n\n

Icocountdown: <\/strong>We\nalso use the oracle system from uniswap, currently but that can be changed or\nhybridized.<\/p>\n\n\n\n

Q6 from\nTelegram user @Miki_mik<\/strong><\/p>\n\n\n\n

On your\nTwitter, it’s said by one of your followers that debaseonomics is actually a\nre-launch. Can you tell us more about this? Is it a project started some time\nago that is being brought back to life?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>There\nwas an initial problem with the codebase, which was a rebase bug, which was for\n5 mins. That could have sent it to 0 if a rebase happened every 5 mins below\noracle levels it would have killed the project. we then we gained venture\ncapital investors and paid for multiple audits and retained @VidarTheAuditor,\nso that the cybersecurity component is positive for everything.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>And now everything is correct)? Can you share link to\nhis audit with us?<\/p>\n\n\n\n

Icocountdown: <\/strong>So\nwe paid him and then he analyzed code and we deployed again and did a range of\nsecurity audits. https:\/\/twitter.com\/VidarTheAuditor\/status\/1327009463728033798?s=20<\/a>\n<\/p>\n\n\n\n

This is the latest audit this it the second, https:\/\/ipfs.io\/ipfs\/QmQaAhGEfWtNhHNFKpN6xSJS3PZxidA9RncGm1YfiVdDuA?filename=Debase_Review_v2.pdf<\/a>\nhere is the link hosted on IPFS for the latest audit this will show you all the\nvulnerabilities and how they were fixed.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>Thank you) And one more question – you know that there\nis nothing ideal in this world. If something will happen that will lead to your\nusers losses… Have you think about something like insurance fund?<\/p>\n\n\n\n

Icocountdown:<\/strong> Our\ninsurance fund is the auditor and just using DAI for mining since there is no\nrisk, everyone that wants to mine can and extract at anytime there is no\ntimelock for mining, also high grade graphic user interfaces to there is quick\nextraction if needed.<\/p>\n\n\n\n

Mary |\nSatoshi Club: <\/strong>Btw, i missed one part) Which tokens you locked with TEAM?<\/p>\n\n\n\n

Icocountdown:<\/strong> https:\/\/team.finance\/view-coin\/0x9248c485b0B80f76DA451f167A8db30F33C70907?name=Debase&symbol=DEBASE<\/a>\n<\/p>\n\n\n\n

https:\/\/medium.com\/@icocountdown\/tezos-aml-kyc-tokensoft-io-due-diligence-5e101fb968df<\/a><\/p>\n\n\n\n

https:\/\/medium.com\/@icocountdown\/due-diligence-pack-for-qtum-7369ef48917b<\/a><\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guests chose some of them. <\/p>\n\n\n\n

Q1 from Telegram User<\/strong> @Rebel99<\/strong><\/p>\n\n\n\n

Debase slowly increases the amount of\ntokens a user holds instead of increasing it abruptly to minimize the effect\nAMMs like Uniswap have on the price of the token when a rebase occurs. What\nhappens in a situation the rebase amount hasn\u2019t been fully added and the price\nhas already gone in the opposite direction prompting a contraction?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>Rebase amounts will be added no matter, its in the\ncode we cannot control that its already deployed if a contraction happens then\nthe supply decreases and it works like ampleforth in that coins in users\nwallets will reduce. So it will be over time, allowing the market to adapt to\nthe new governance and allow the market adapt to the supply decrease.<\/p>\n\n\n\n

Apple\nCider: <\/strong>To further answer this question. Please review this article i\nwrote yesterday to explain and try to solve this exact problem https:\/\/punkunknown.medium.com\/uniswap-and-elastic-supply-tokens-troubled-co-dependence-ba3ecfcfcc76<\/a><\/em><\/p>\n\n\n\n

Q2 from Telegram User @rockmorti<\/strong><\/p>\n\n\n\n

Some past projects\nbased on these rebasing mechanisms, despite their reduction in supply, the net\nworth of the holders has dropped considerably and they have abandoned. My\nquestion is how Debasenomics intends to keep the demand for tokens strong to\navoid depreciation in the token?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>To answer this question, we have stabilization pools\nto keep 1 DEBASE \/ 1 DAI so there is mechanisms and inbuilt governance to peg\nto whatever the users want, to react to economic variables throughout the world\nwith regard to demand its the idea, if you can be a central bank. I would like\nto own the governance to become a central bank for a stabilized crypto\nsynthetic asset, but its the users choice.<\/em><\/p>\n\n\n\n

Q3 from Telegram User @huyenvo<\/strong><\/p>\n\n\n\n

Marketing is a central\nelement for every project, so that everyone knows the potential that a project\ncan bring is vital to achieve the goals set. What is your strategy to attract\nnew users and Investor to Your platform and keep them long term?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>We are doing many AMA’s and are gonna work with vc’s\nlike the ones we already have, we are aiming for real world adoption of\nsynthetic assets to help with stabilization of portfolios, we will keep\nmarketing and not let the project die as the concept is just too good to\nignore, we will also work with crypto twitter and many others and centralized\nexchanges and decentralized exchanges, however it does need users to be\ninvolved and people that care about monetary policy but we will not stop. With\nauditing there is little risk so your alpha is increased alot as its basically\nfree capital and free involvement.<\/p>\n\n\n\n

\u2026\u2026: <\/strong>Well a lot of people think marketing is paying influencers to\nmarket the product, but this does not build sustainable volume and leads to\nshort term huge price volatility (PnDs). So we will not be doing that ever.\nWhat you really need is sustained volume, and lowered cost of entry. This is\nachieved by the success of the code, interested parties who are actually invested\nin Debase for the long run and lowered cost of entry. Cost here doesn\u2019t refer\nto price, but the idea of how efficiently can someone decide if they want to\ninvest in Debase or not. Which is why we do the Medium articles, as a simple\nexplanation to what Debase is. so people can understand quickly their\ninvestment decision. Tbh there are only like 5 questions that people ask over\nand over to us, so we explain those 5 things well. Then people can decide.<\/em><\/strong><\/p>\n\n\n\n

Q4 from Telegram User @brodzonl<\/strong><\/p>\n\n\n\n

DEGOV token has one\nstaking pool. This pool will only be available to people which acquire\nDebase-DAI-V2 pool tokens by staking into the Debase\/DAI Uniswap pool.These\npool tokens can then be staked into Degov\/Dai-Lp pool to earn DEGOV tokens.\nGetting to DEGOV tokens seems very complicated and these tokens are used for\nvoting, so is there any way to buy DEGOV tokens and not to get them with\nstaking trough all these pools?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>Degov does have one staking pool you can just buy\nthem when they are added to the uniswap market, if you don\u2019t want to mine\/farm\nit, however I don\u2019t know how valuable they will be when they hit the market,\ngame theory dictates that if you have a good product people will want it and\nagain I want to be the central bank, I don\u2019t know how many others want that,\nbut we know inflation is occurring in the world so I can\u2019t give financial\nadvice but as this project moves forward with a fully audited concept I would\nbelieve the value and perception increases but it\u2019s not financial advice we\ncannot give that. To get DEGOV tokens you can just mine with DAI and take you\nalpha and stake it into the secondary pool which is the DEBASE\/DAI UNI V2 LP\npool all that alpha is free if you have DAI your cost is impermanent loss.<\/p>\n\n\n\n

\u2026\u2026: <\/strong>The reason why Degov is not say just airdropped is because,\npeople need to be actually invested in Degov so they will be incentivized to\nmake the best decisions for Debase. Mining encourages that the distribution of\nDegov to be in hands that will actually want to do the work of governance.<\/em><\/strong><\/p>\n\n\n\n

Q5 from Telegram User @HurricaneLad<\/strong><\/p>\n\n\n\n

Everyone loves\nDECENTRALIZATION. Why do you design your rebase, price target, price oracles,\nrebase lag, to be completely controlled through governance? Don\u2019t you think\nthat this process encourages CENTRALIZATION, hence scaring potential investors?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>Its\ndecentralized because anyone can own the tokens and mine for free alpha there\nis no premine or presale, so anyone can mine it or buy it or sell it that\u2019s the\npurest form of decentralization to let the users decide and the owners of the\ntoken. If you hold something you can dictate theory. Game theory is active here\nas there is economic incentive people that own tokens have highest incentive to\nbe vigilant.<\/p>\n\n\n\n

\u2026\u2026: <\/strong>Yea, decentralization is only a meme\nIF the stake holders are not actually interested, so you need to strike a\nbalance between avoiding centralization and creating some barrier to entry. We\nthink fair launch mining achieves that. It is also in the interest of\ngovernance to be seen as fair, and since the governance is flexible enough to\nbe changed. Governance parameters will be changed to ensure that is always the\ncase and there is no centralization to favor a few actors.<\/p>\n\n\n\n

Q6 from Telegram User @zaferce<\/strong><\/p>\n\n\n\n

Can community\nsupporters decide what types of balancers to include with DEBASE to control the\nprotocol and how to reorganize the protocol in general? How will governance be\nimplemented in the selection of delegations?<\/em><\/p>\n\n\n\n

Icocountdown: <\/strong>To answer this, this is the stabilizer pools which\nthe community votes on:<\/p>\n\n\n\n

Stabilizers are custom pools built and approved by governance\nto help reward behaviors that could help stabilize DEBASE to its target price\nin the long or short term. These pools will initially have no funding and will\nhave custom triggers that will be checked against, during every rebase. If an\napproved pool’s conditions are met, then the policy contract, which initially\ncontains all 90% of Debase tokens, will transfer funds to the stabilizer pool\n(reward amount is configured by governance during approval). The pool can then\nuse its own unique strategies to distribute these funds.<\/p>\n\n\n\n

An example of a simple stabilizer pool that is currently\nlaunched counts the number of times debase hits its target price when a rebase\nhappens. If the count goes above a configurable threshold, then the stabilizer\npool will be funded with a configurable amount of Debase tokens to be rewarded\nto the community. To earn this reward, the community will be staking in\nDebase\/Dai-LP tokens, providing more long-term liquidity when the distribution\npools have dried up. The neutral rebase count can also be configured to reset\nits count when the target price is not hit during a rebase.<\/p>\n\n\n\n

Other examples of potential pools include one where users\nwill be rewarded wrapped DEBASE tokens with specialized time-based behaviors to\nincentivize it’s holding or selling when DEBASE is not at its target price, or\npools that encapsulate behaviors used by other rebasing token like random\nrebases implemented by RMPL. Finding the ideal solution to the price stability\nof DEBASE will be main focus of the community and governance going forward. <\/p>\n\n\n\n

These are custom pools, if you want to re-organize the\nprotocol you need DEBASE\/DAI LP2 UNI to farm the DEBASEGOV tokens which hasnt\nstarted yet. It\u2019s on a protocol level the project is already done and gone\nthrough multiple audits. So there will be a gui where you can dictate the\ngovernance directly to the protocol to those that are not familiar with coding\nmethodology, but you must own the tokens and must sign for them directly\nthrough a wallet like metamask to implement changes, you can also\nincrease\/decrease supply you can do anything with the token you can also peg it\nto other constants and hybridize oracle systems. DEBASE governance holders can\nalso add pools for stabilization, the first instance of this is what we are currently\ndiscussing is DEBASE\/ETH pools and DEBASE\/BTC pools for stabilization and then we can\nlayer down with synthetics like USDT\/DEBASE, USDC\/DEBASE and layer down to\ncreate stabilization through synthetic assets. Here is our website https:\/\/debaseonomics.io\/<\/a> and here is the\ntelegram https:\/\/t.me\/debaseonomics<\/a> and\nyou can learn more there and ask the developers and community and decide the\nfuture.<\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Debaseonomics. A\nlink to a Quiz form were sent into the chat. Participants had 10 minutes to\nanswer. 700$ were distributed between the winners. <\/p>\n\n\n\n

For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n

English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n

Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n

Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n

Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n

Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a>  <\/p>\n\n\n\n

Our Partners: <\/strong><\/p>\n\n\n\n

Debaseonomics:\nhttps:\/\/t.me\/debaseonomics<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

Today we are glad to tell you about the AMA session with our friends from Debaseonomics. The AMA took place on November 15 and our guests were @icocountdown, @VidarTheAuditor and @anon18382. The total reward pool was 1000$ and was divided into three parts. In this AMA Recap we will try to summarize some of the […]<\/p>\n","protected":false},"author":4,"featured_media":3479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3478"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=3478"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3478\/revisions"}],"predecessor-version":[{"id":3480,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/3478\/revisions\/3480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/3479"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=3478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=3478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=3478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}