The Buy & Burn function was not a bad idea back in 2016, but it was never ideal for a startup such as Maker with many years of growth ahead of it - it is more of a late-game strategy. They say imitation is the sincerest form of flattery but when I come to think of it not many other crypto projects tried to copy this aspect of Maker - for various reasons. Anyway, time to retire the old furnace and get ourselves a brand new solution in the form of the Sagittarius Engine.
Needless to say, Sagittarius has yet to be detailed, and precisely because we do not know how long it will take to implement, now is the time to start saving funds to start it.
Do you agree to the following proposal:
- The Buy & Burn function is turned off
- Surplus Buffer stays at DAI 60 million until otherwise decided
- Funds in excess of the Surplus Buffer is directed to the Sagittarius Engine for future use
Feel free to argue pros and cons in the comments.
This Poll will run until October 20, 2021, 1500 CET. The outcome will result in an on-chain-poll assuming the outcome of the poll deems it necessary.