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Aurora
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long $aave, $btc, $ron
investor, writer, thinker
not financial advice.
investor, writer, thinker
not financial advice.
12K Following 92K Followers 162K Posts
Latest posts 5
if ronin was using the ETH and USDC in the treasury to buy back ronin:native at 30 cents, why would it not be using the ETH in the treasury to buy back ronin:native at 4.5 cents?
@Ronin_Network
@Ronin_Network
Ronin Governance Proposal idea:
Ronin Buyback and Burn
use 10% of daily ronin treasury $eth/stablecoin inflows to buy back and burn ronin:native daily. keep program in place until Ronin Network is valued above $100m market cap again and then reassess.
for example, nov 8:
10% of USDC revenue = $2.93
10$ of WETH revenue = $4.74
$2.93+$4.74 = $7.67 buyback
assume $.045/ron price
108 ronin:native buyback and burn
- every day, tokens removed forever from the supply
- the more the treasury makes, the more ronin:native gets burned.
- the treasury keeps 90% of the revenue to use on other initiatives like growth
@Ronin_Network
Ronin Buyback and Burn
use 10% of daily ronin treasury $eth/stablecoin inflows to buy back and burn ronin:native daily. keep program in place until Ronin Network is valued above $100m market cap again and then reassess.
for example, nov 8:
10% of USDC revenue = $2.93
10$ of WETH revenue = $4.74
$2.93+$4.74 = $7.67 buyback
assume $.045/ron price
108 ronin:native buyback and burn
- every day, tokens removed forever from the supply
- the more the treasury makes, the more ronin:native gets burned.
- the treasury keeps 90% of the revenue to use on other initiatives like growth
@Ronin_Network
roningovernance.neocities.org Ronin Fan Art