Dec4CC.mp3
Meeting Overview
- The community meeting covered updates on Convertible Deposits (CDs), development roadmap, the upcoming rewards program, and Callisto project
- The team celebrated the successful soft launch of Convertible Deposits, which exceeded daily target by 2.5x in the first 11 minutes
- Next community meeting scheduled for January 8th (second Thursday) at the same time
Convertible Deposits Update
- Proposal 12 was successfully executed with numerous contracts being activated
- The CD interface has received several improvements for better transparency
- Added real-time tick capacity display at current price
- Added progress indicator toward daily target
- Added prediction for next price move when not at minimum price
- Current deposit cap is set at 1 million USDS with ~350k already deposited
- Team is considering raising the deposit cap as the system approaches current limits
- Initial configuration resulted in prices spiking to $48 on launch day; decay rate was adjusted to bring prices down to minimum levels
- Zeus noted that capacity/emissions rate needs to increase and tick size should decrease to allow for more meaningful transactions without significantly moving price
- Limit orders functionality is coming soon to enable passive bidding at specific prices
Development and Protocol Updates