Hi Kairos Research,
Super insightful thoughts and convincing data. Highly appreciated!
Let me answer your question first:
- What chain(s) would the auctions take place on?
- Would there be sufficient on-chain liquidity for the BSN tokens & BABY on those chains?
- What frequency would the auction take place at?
- Would the auction be facilitated in one tranche, and if not, what tranche size would be used?
It will happen on Babylon Genesis, so the BABY liquidity will be plenty. We haven’t decided on what auction mechanism to use and the implementation details yet. We also understand how complex the project could be, so in light of time shortage, we propose to escrow the rewards in a governance-controlled address for now. We can then develop a proper auction mechanism together!
Well noted on the difference between Hype auction and Euler auction. I quoted Hyper because it provides a concrete evidence that “auction” is a successful approach. It does not mean that I believe the particular auction mechanism adopted by Hype is the best for Babylon as well.
And at a higher level, agree with you that to fully realize Babylons’ potentail we need systematic measures in driving demand. This auction is just one. I am also designing other measures. Please feel free to share your ideas as well!