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new cip on energy mint
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mastercyb committed Nov 4, 2024
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tags:: cip
status:: draft

- ## author
- [[@master]]
- ## rationale
- although proposed [[daily english auction for A and V]] is simple it does not solve the biggest problem it must solve
- mechanism must not provide supply if demand is not enough
- therefore i propose even simple mechanism that is target to solve exaclty this
- while leaving the room for supply growth in case of growing demand
- ## design
- [[energy]] is minted using exponential bonding curve for those who provide [[$H]]
- [[$H]] is effectively burned on each mint
- while the price on external markets is lower when in bonding curve there is no extra supply of [[energy]]
- while demand force the price of [[energy]] go up the bonding curve provides extra supply
- initial price of bonding curve reflect the price on the moment of changing [[energy]] mint system

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