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TIP-16.md

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id Title Status Author Description Discussions to Created
TIP-16 Utilize Thales NFTs Draft Danijel (@dgornjakovic) Provide utility to NFTs on https://opensea.io/collection/thales-market https://discord.gg/8bzFdpGTrp 2021-12-29

Simple Summary

With the L2 release and the AMM being the dominant volume driver we can provide some utility to the holders of the NFTs which are part of https://opensea.io/collection/thales-market collection.

Motivation

Thales NFTs on https://opensea.io/collection/thales-market were drawn by famous illustrator https://en.wikipedia.org/wiki/Dobrosav_%C5%BDivkovi%C4%87 and sponsored by Thales Treasury DAO.
The NFTs were allocated based on various criterias to early users of Thales protocol.
Thales was always planning to provide more utility to these NFTs (i.g. the corresponding holders), and this proposal aims to do so as applicable at this point.
Further utility to more NFTs in that collection would be added via future TIPs.

Specification

AMM currently applies a min_impact modifier (currently at 2%) to the base price it calculates via BlackScholes algorithm. I am proposing to provide discounts on that impact as follows:

Test Cases

Implementation

Copyright

Copyright and related rights waived via CC0.