KlimaDAO Forum

Ananth buybacks redistributions would be brilliant

KIP 16: Finite Supply 0.5

Time is the only true value lets make a stand now and solidify our reserved carbon asset project and stop the issuance of new Klima tokens being minted discussion 1.0 will talk about what will be replacing $Klima as the staking reward token this acquisition is about Accepting and Declining the proposal.

Accept (Yes, lets put a finite supply on $Klima)

Decline (No, we are fine with letting $Klima mint to oblivion)

"Fiat currencies will fail because of fiscal malpractices, and endless money printing"

KIP 16: Finite Supply

I wasn't here before the carnage an I've realized that I had to dig deep on why did the price of Klima collapse, and its because of the infinite supply creation which lead to the last KIP on APY reduction. The problem isn't the APY it's the native token that's diluting itself to oblivion. We can all relate that the damage is done and recovery may be slow but we can surely repair the ship with minor risk while staying afloat with a redemption alternative that is placing a finite roof on Klima once and for all and using the Carbon Credits within our ecosystem and or the USDC profited from bonds as our new staking reward acquisition.

"Lets do it once and for all"