¿Es la riqueza al vencimiento que se "obtiene claramente"?
Característica №1: Modulación por tendencia de precio
The system will take account of the long, medium, short-term and in-the-moment trends in the ICP price, to create a “price trend coefficient”, in a way that will be described by the code of the forthcoming proposal. Very basically, if the coefficient shows a price trend that is slightly “rising”, then the maturity will produce new ICP without modulation, since this is a neutral time to sell. As the coefficient shows the price trend rising more aggressively, then the quantity of new ICP created will be modulated upwards, up to a maximum of +5%, to encourage people to sell. On the other hand, if the coefficient shows that the price is falling, then the quantity of new ICP created will be modulated downwards, to a maximum of -30% if the price is falling very aggressively. Since these calculations will be made after the delay that occurs when disbursal is triggered, the neuron owner will be incentivized to make intuitive judgments about the markets and the timing of their sales.
Feature №2: Maturity Is Staked, Not Merged
Currently, neuron owners in some tax jurisdictions feel unable to merge their maturity, and compound their voting power, in case it will generate an income tax liability. We must adjust the design so that more feel free to merge their maturity, thereby creating a more level playing field across the world. The solution is to replace the “merge” option with a “stake” option. This will instead cause the maturity of a neuron to be staked inside, alongside the originally staked ICP tokens. Once staked inside, the maturity will increase the voting power of the neuron pro rata, but the staking will not result in new ICP tokens being minted. Only when the neuron is dissolved, and the contents are disbursed, will the maturity will be used to produce newly minted ICP, according to Feature №1.
Feature №3: Maturity Is Disbursed, Not Spawned
Since the “disbursal” of maturity now involves a delay, after which it produces newly minted ICP at a rate modulated by to unpredictable market trends (as per Feature №1), we can abandon the spawning feature. Instead, neuron owners can simply ask for their maturity to be disbursed. When the process is complete, they will find out how many new ICP their maturity has created.
Thanks for reading. I look forward to the community discussion 🙂
