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Update cic_initialization.ipynb

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Michael Zargham 2020-05-12 15:51:14 -07:00
parent 69bdb2fb7c
commit 8c2d20ff64
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BondingCurve/cic_initialization.ipynb
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@ -902,7 +902,7 @@
"source": [
"Curvature $\\kappa=4$ was proposed by Grassroots Economics. This analysis sought to demonstrate this choice and review for any potential red flags. Seems reasonable under the assumptions provided but further analysis is merited to provide context. Such analysis is possible using the cadCAD models also available in this repo.\n",
"\n",
"Fees $\\phi$ if desired are suggested at $0.001$ which is $0.1%$ or $10$ basis points. Largely subjective but exist to manage the following considerations: fees should not impose undue strain on users of the system but some fees help reduce spam or noise the system. Fees do not need to be large because the system already has baked in slippage in its invariant preserving logic. If the smart contract is restricted to a whitelist of only institutional actors with additional vetting, fees are not necessary at all. Given the goals and status of the CIC project, no fees are recommended initially, but an extremely narrow whitelist should be used. Access to CICs is provided through community development programs rather than through direct use of the bonding curve smart contracts."
"Fees $\\phi$ if desired are suggested at $0.001$ which is $0.1\\%$ or $10$ basis points. Largely subjective but exist to manage the following considerations: fees should not impose undue strain on users of the system but some fees help reduce spam or noise the system. Fees do not need to be large because the system already has baked in slippage in its invariant preserving logic. If the smart contract is restricted to a whitelist of only institutional actors with additional vetting, fees are not necessary at all. Given the goals and status of the CIC project, no fees are recommended initially, but an extremely narrow whitelist should be used. Access to CICs is provided through community development programs rather than through direct use of the bonding curve smart contracts."
]
},
{