Thoughts
$Earth will always be minted at a premium to IV.
Tokenomics design does not permit minting/harvesting $Earth that can dilute IV
IV for $Earth is a notional representation for now. If market conditions take a severe hit and price of $Earth on LP goes below IV, only market demand will bring it back. If the situation persists for long then a solution maybe worked upon.
Only KYC verfied Solarpunks will be allowed to mint $Earth directly from the protocol.
$Earth treasury only grows when $Earth is minted at the protocol
$Earth/$Dai liquidity pool will be owned by the protocol and holders will always have an exit via that pool
Every time $Earth community decides to burn tokens from harvest, it will increase $Earths IV
APY will be maintained at a rate which permits a minimum 365 day runway
Community will have complete control over how $Earth harvest gets distributed besides what goes to the DAO.
Yield epochs will be 14 days.
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