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VRGDA - sell a token at a target rate #17

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VRGDA - sell a token at a target rate #17

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moodysalem
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@moodysalem moodysalem commented Oct 25, 2023

This auction mechanic is slightly different than the regular VRGDA in that it requires the user to pay both an option token (1:1) and a payment token (at the VRGDA rate) in order to acquire the sold token

The option token can be used as an incentive that can be given out at a much higher rate than regular incentives. If redemption is fast, the VRGDA will roughly sell at the market price making the option token less valuable. If redemption is slow, the VRGDA will lag behind, making the option token more valuable.

todo:

  • store packing of the sale config
  • compute the sold amount
  • testing

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no longer pursuing this

@moodysalem moodysalem closed this Jan 9, 2024
@moodysalem moodysalem deleted the vrgda branch January 9, 2024 18:20
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