02/02/26 Submitted for voting: BankSocial #BSLDAO Governance
Proposed Limited Amendment to “The $1M Agreement”
The following amendment is proposed to clarify and modestly enhance the previously approved BSL DAO / BankSocial Exchange Liquidity Agreement (“The $1M Agreement”). All terms not explicitly modified below remain unchanged.
- Transaction Fee Structure (Unchanged)
The exchange fee remains 10 basis points (10 BPS) per qualifying USD Buy and Sell transaction utilizing BSL DAO–provided SLP liquidity. - Minimum Monthly Staking Yield Guarantee
Notwithstanding the per-transaction fee structure, Fivancial guarantees a minimum aggregate return of 40 basis points (40 BPS) per month to the BSL DAO Staking Pool, calculated on the deployed SLP liquidity.
- If transaction-based fees in a given month exceed 40 BPS, the higher amount applies.
- If transaction-based fees fall below 40 BPS in a given month, Fivancial will make up the difference to ensure the 40 BPS minimum is met.
- Extended Evaluation / Payback Horizon
The liquidity deployment evaluation and payback horizon shall be extended to twelve (12) months from the date of each liquidity transfer, to allow for sustainable volume growth and operational efficiency. - Expanded Permitted Use of Liquidity
In addition to the BankSocial Exchange, BSL DAO–granted SLP funds may be utilized for:
- Liquidity provisioning on other exchanges, and
- Operational or market-making opportunities that directly support exchange performance, liquidity stability, or ecosystem growth.
- Governance, Transparency, and Oversight (Unchanged)
All existing reporting, transparency commitments, delegate authorities, community override rights, and governance protections remain fully in effect.
The below was already passed in temp-check once before.
11/26/25 Vote site bug prevented completion, resubmitted to On-Chain Vote: BankSocial #BSLDAO Token Governance - $BSL Social Governance
11/19/25 Moved to On-Chain Vote: BankSocial #BSLDAO Token Governance - $BSL Social Governance
11/15/25 MOVED TO TEMP CHECK
Based on the proposal approved by the BSLDAO back in 2022, a funds transfer of $100K was approved and initiated by the BSLDAO delegates (unanimously), up to the maximum amount voted on by the DAO. As part of putting that approval into operation & while developing the path forward for this utilization of BSLDAO SLP, it was recognized that real-time individual transfers of every transaction would not be economically feasible, and pooling the BankSocial Exchange Liquidity payouts into the routine (5th of each month) staking payment, was the best path forward to align with the intent of the previously approved agreement. By pooling those funds to the Staking Pool, the funds are still transacting in native $BSL and rUSD, as approved by the staking agreement.
An amended agreement is hereby proposed for discussion:
“The $1M Agreement”
The BSLDAO Agrees to fund the BankSocial Exchange with up to $1M from the BSLDAO SLP. The fee to be paid at the previously agreed upon 10bps, for every USD Buy & Sell utilizing the BSLDAO SLP. As $100K has already been approved and transferred, this proposal approves the BSLDAO Delegates to increase and transfer, in increments of no more than $100K, an additional $900K of SLP, for a total of $1M of BSLDAO SLP utilized. This agreement shall be open-ended, meaning it will not need to be renewed at any specific interval, until canceled by the BSLDAO. The BankSocial Exchange proceeds paid to the BSLDAO will be deposited to the Staking Mechanism/Pool and distributed accordingly. The BSLDAO Delegates and BankSocial team will evaluate agreement maintenance, such as a change in funding amount/modifying agreed upon terms outside of the intent of the previous or this agreement. Any larger deviation will be put to a BSLDAO-wide consensus vote through the governance process, such as this proposal.
All other terms of the BankSocial/BSLDAO Agreement remain the same.
…