feat: add proposal for DIKO buybacks (#600)

* feat: add proposal for DIKO buybacks * space * gov vote * wip --------- Co-authored-by: --global <--global>
arkadiko-dao · Dec 9, 2024 · 6dff783 · 6dff783
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commit 6dff783
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diff --git a/clarity/Clarinet.toml b/clarity/Clarinet.toml
@@ -72,6 +72,11 @@ path = "contracts/arkadiko-diko-init-v2-1.clar"
 clarity_version = 2
 epoch = 2.4
 
+[contracts.arkadiko-diko-incinerator-v1]
+path = "contracts/arkadiko-diko-incinerator-v1.clar"
+clarity_version = 2
+epoch = 2.4
+
 # ----------------------------------------------------
 # Tokens
 # ----------------------------------------------------

diff --git a/clarity/contracts/aip-26-arkadiko-buybacks.clar b/clarity/contracts/aip-26-arkadiko-buybacks.clar
@@ -0,0 +1,12 @@
+;; A governance vote to decide the following has been put in place:
+;; DIKO buybacks & burns
+
+;; Weekly DIKO buybacks of up to $10k/week (using protocol revenue denominated in xBTC, stSTX, STX, USDA or equivalent)
+;; The DIKO tokens can be burned based on X activity.
+;; Each tweet with the #moonDIKO hashtag will burn 100 DIKO, with a maximum burn of what is bought in that week.
+;; These buybacks & burns will happen at random intervals
+;; All protocol revenue is received by the following contract: SP2C2YFP12AJZB4MABJBAJ55XECVS7E4PMMZ89YZR.arkadiko-vaults-pool-fees-v1-1.
+;; Revenue comes from redemptions and stability fees
+
+;; Vote FOR if you agree
+;; Vote AGAINST if you disagree
diff --git a/clarity/contracts/arkadiko-diko-incinerator-v1.clar b/clarity/contracts/arkadiko-diko-incinerator-v1.clar
@@ -0,0 +1,9 @@
+;; @contract DIKO Incinerator - Tokens to be burned from buybacks
+;; @version 1
+
+(define-public (burn (amount uint))
+  (begin
+    (try! (contract-call? .arkadiko-dao burn-token .arkadiko-token amount tx-sender))
+    (ok true)
+  )
+)
diff --git a/scripts/v2/governance-stability-fees.js b/scripts/v2/governance-stability-fees.js
@@ -12,15 +12,15 @@ async function transact() {
     functionName: 'propose',
     functionArgs: [
       tx.contractPrincipalCV(CONTRACT_ADDRESS, 'arkadiko-stake-pool-diko-v2-1'),
-      tx.uintCV(843680),
+      tx.uintCV(872050),
       tx.uintCV(720),
-      tx.stringUtf8CV('AIP 21b - Stability Fee Decrease'),
-      tx.stringUtf8CV('https://github.com/arkadiko-dao/arkadiko/pull/590'),
+      tx.stringUtf8CV('AIP 26 - Arkadiko buybacks'),
+      tx.stringUtf8CV('https://github.com/arkadiko-dao/arkadiko/pull/600'),
       tx.listCV([
         tx.tupleCV({
-          'name': tx.stringAsciiCV("aip-21-b-stability-fees"),
+          'name': tx.stringAsciiCV("aip-26-diko-buybacks"),
           'address': tx.standardPrincipalCV("SP2C2YFP12AJZB4MABJBAJ55XECVS7E4PMMZ89YZR"),
-          'qualified-name': tx.contractPrincipalCV("SP2C2YFP12AJZB4MABJBAJ55XECVS7E4PMMZ89YZR", "aip-21-stability-fees"),
+          'qualified-name': tx.contractPrincipalCV("SP2C2YFP12AJZB4MABJBAJ55XECVS7E4PMMZ89YZR", "aip-26-arkadiko-buybacks"),
           'can-mint': tx.falseCV(),
           'can-burn': tx.falseCV()
         }),