# JBP-52 - Adjusting JBX Bonding Curve


### **Author:**

@Jango @Mr. Goldstein 

### **Proposal date:**

December 17, 2021 

### **What is the goal of this proposal?**

Strengthen JBX membership by adjusting the bonding curve from 60% to 70%. This change will further incentivize early token holders to burn JBX tokens for a share of the JuiceboxDAO treasury and decrease the total JBX in circulation.

### **Provide a comprehensive summary of your proposal.**

Bonding Curve adjustments are a significant lever within the Juicebox mechanism. By adjusting this lever closer to 100%, the JuiceboxDAO provides early contributors a better incentive to burn JBX tokens in return for a portion of the treasury thus better distributing governance among the JuiceboxDAO memebers.

We propose to adjust the Bonding Curve from 60% to 70%. At 60%, the DAO is currently offering 1 ETH back from the treasury for each 679,652 JBX ****burned. At 70%, this will be 1 ETH for about 594,600 JBX burned.

### **What changes should be made to the bonding curve?**

Adjust bonding curve from 60% to 70%

### **What changes should be made to the reconfiguration ballot?**

N/A

### **What is the expected short term impact and longer term impact of enacting the changes being proposed?**

- Reduce JBX token inflation by incentivizing token holders to burn JBX in return for ETH
- Better aligns incentives between early and new JBX token holders
- Enables early JBX token holders to redeem ETH for JBX to better distribute JBX tokens and governance power

### **What potential tradeoffs should we be monitoring over time if the proposal were to be adopted?**

- Reduction in JuiceboxDAO treasury due to increased redemptions

### **For this proposal to reach its full potential, what other help might be needed from the DAO?**

N/A

### **Sponsors:**

[Jango](https://www.notion.so/Jango-3d619a88d22048128b2be209c4fcbcb9) [filipv.eth](https://www.notion.so/filipv-eth-0fc06b16681e479db64e12b16908dbbf)