I think the ceiling price it is a good idea, it will help more bidders can join in the auction

@thangtrava I support this idea, bridge for rTRAVA should be implemented

@jasonmar Of course, we want to use Wallet Reputation for all features in TraDAO protocol 😉

@chloexav Yes. Thank you for your suggestion about the new proposal. i will check and update for it. Do you have any idea to make TRAVA in lending pool more effective?

there are more than 14 assets in Lending pool now, I wonder when Trava or TOD would be added to, thing it would benefit trava holders alot.

@icezick It's a good idea but maybe it will make the competition among bidders more aggressively because bidders have to bid quickly before the sellers close the auction

@bigben We are having staked version of TOD. Interestingly, it's name is xTOD. Using xTOD to deposit into the lending pool is completely possible. But using xTOD as collateral and borrowing other tokens, for example USDT, requires a lot of consideration. Because TOD is currently still a token with large price fluctuations, a whale can push the price of TOD very high to borrow a large amount of USDT and then dump the TOD price. They will receive a large amount of USDT and the lending pool will be affected. It's also a mechanism used in a lot of recent lending pool hacks. We are trying to create more utilities for TOD and xTOD. Hope it's works well! 👍

@bigben It sounds good. Unfortunately, we cannot do it. Let's me explain! As far as I know, we have 2 ways to implement your idea:

The TOD contract must support this function, but TOD contract cannot be upgraded. We don't code and deploy our contract like that because I think no one trusts a project with a token contract can be changed. We have to implement a DEX like PancakeSwap and add tax feature to it. We definitely do it for sure. However, people still buy and sell TOD on PancakeSwap so the DEX we implemented make no sense 😢

@victoriaph Actually, other OHM folks projects are doing something like this. They are investing to new projects or depositing to other vault, lending pools. Profits from those actions will be shared with their users. I think it's a good idea to make our Treasury become bigger 👍

What APY do you guys expect? Do you want us create a snapshot voting??? 😊

@violeta At this time, TOD and Trava Reputation is calculated separately. You can use TOD Reputation to buy bonds with high installment percentage. We are integrating TOD and TRAVA Reputation together. In additions, we are trying to use Wallet Reputation for many parameters like: APY, discount, debt rate....

@ductrava Thank you for the updates and information on Trava security.

Hello @victoriaph.
The mechanism does not incentivize the first bidder. The mechanism incentives previous bidder. Please read the rule of Auction mechanism below:

The most important rule: 5% of the price increase for each bid is distributed to the previous bidder, and the remaining 95% would be the income of the auction publisher if it’s the last bid or returned to the bidder when it’s outbid.

More bids from users will keep increasing the assembled Trava Knight evaluation while auction is live. Since each bid price will be increased by at least 5% of the previous one. The incentive for previous bidder is set at 5% as well.

But of course the percentage is up for discussion/debate. 👍

@rudy Yeah. That's quite a great idea for incentives program. Are there any project apply this idea?

I think it should be shorter, just in 3 days. The urge of time shows that The NFT armory should belong to someone who really wants it and pays attention to the auction

@vincente Yeah, I mean bond installment will be added gradually to each asset

Hey @jasonmar. It has been advised by the TraDAO Owner that Bonding Installment will be added gradually to each asset. So I suspect after a couple of weeks USDT will have Bonding Installment option as well. For now regular Bonding with USDT is available 👍

@kel thank you for the in depth info. I was aware of most of the items all have discussed and I am hoping as the TOD is implemented in more parts of the total Trava ecosystem we should see a recovery at that time. I am a long term holder in all of my crypto investments which I got into in the beginning of 2017, we mined ETH for many years until the equipment became obsolete. My partners and I have begun acquiring, staking TRAVA, buying one of all the NFT's (which we have been farming) since January when we first found out about the Token and its ecosystem. The TOD we decided to do since its will just help and should be valuable plus my partner grabbed the Sir Kuana knight the other day so he will be increasing his TOD holdings soon as well. For us we are just in plain shock at how much the Trava team has built out, the great transparency constant updates, etc. We feel this project is so undervalued its really gross now. At this point we are just buying more. Hopefully the general crypto population sees this project soon because at this point it seems to be a cheap acquisition for any tech hedge fund at these prices. The technology and ecosystem alone is well worth three times the current value of all tokens in our analysis. I feel Pantera Capital needs to be introduced to Trava at this time because once they look at this I feel they will be grabbing tokens hand over fist. If I was heading the marketing team at Trava I would be calling their offices daily until they get a meeting. Good luck to everyone and this new forum is another great addition, will be making some more posts and discussions soon. Jeff