Liquity V1 fork. No borrowing fee floor or interest to encourage use of the protocol (redemption fee floor and algorithmic increases stay). No governance token emissions for stability pool providers. Lower LTV with more lost funds to liquidation (extra incentive for stability pool providers and allows for more price fluctuation since the stability pool will likely mostly have short-term stakers without token emissions). Option for governance token holders to profit from part of liquidations. Oracle contract that uses chainlink’s CPI feed and has a 2% inflation rate programmed in. After 1 year, price will be ~CPI - 2% and ~2% more tokens will have been created. With the change of the peg price, tokens are also then dripped into a wallet to be donated to Gitcoin programs. This may need to be done through a trusted multisig where tokens are minted, exchanged, and donated. Direct Liquity V1 frontend should work fine.

The initial protocol will already have most functionality, but functions such as the DAO voting on adjusting inflation rate or fees they take can be added. V1 is an initial MVP and V2 should be programmed from scratch according to what we determine the system needs. That would likely include more tailored liquidation mechanisms and the ability to stake more assets than just Eth.

Governance token that can share in fees from the protocol and has control over adjustments to it such as fees.