While thats sounds great, and I would rather someone knowledgable weigh in on that, but it sounds like the framework for that would be the hard part, and it wouldn’t be short term at all given the implementation.
There is no oracle for BALN, if we take the dex price, I just checked and 1million BALN can move it 30+%. I’m sure there are some time weighting strategies, but is it something you can just turn on?
How does retiring work, does it retire all bnUSD into ICX like before?
Can you choose to retire into BALN? Without a BALN oracle, how does the peg on bnUSD even work.
With such low liquidity is the reverse possible, collateral BALN > use bnUSD to buy BALN, which now impacts the price alot, which lets you borrow more, etc. This sounds cool because there may not be enough BALN to make the price fall, until you realise they are effectively leveraged 5x or something, and can maybe bankrupt the DAO if it does indeed fall.
Would be cool if all that was already solved though.