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Another 🔥 thread by @real_digidavid
I’ll add a couple of additional things to his thread, with some stuff to look forward to in the future for the CPS 👇🏼
I’ll add a couple of additional things to his thread, with some stuff to look forward to in the future for the CPS 👇🏼
1) Stablecoin Treasury
- Soon (as early as next application period 👀) the CPF will be converted to bnUSD until a max cap of 200,000 bnUSD is reached. Then ICX will accumulate in the CPF until it also reaches its max cap of 200,000 ICX.
- Soon (as early as next application period 👀) the CPF will be converted to bnUSD until a max cap of 200,000 bnUSD is reached. Then ICX will accumulate in the CPF until it also reaches its max cap of 200,000 ICX.
1.1) Once the ICX max cap is reached, the remaining inflow of ICX will be burnt 🔥
These 200,000 max cap parameters will be adjustable based on demand for CPF funds, inflow from inflation and BTP fees, and the amount of ICX we’re hoping to burn.
These 200,000 max cap parameters will be adjustable based on demand for CPF funds, inflow from inflation and BTP fees, and the amount of ICX we’re hoping to burn.
