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fix broken links and new release
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coinop-logan committed Nov 11, 2020
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}

\title{Foundry Design}
\date{v1.2.1 - Oct 2020}
\date{v1.3 - Dec 2020}

\begin{document}
\pagenumbering{gobble}
Expand Down Expand Up @@ -64,7 +64,7 @@ \subsection{FRY Holders} \label{fry-holders}

Discussion of Foundry must begin with the FRY holder.

On June 19 2020, sale of the Foundry Logistics Token (FRY) was initiated via the \href{https://sale.foundrydao.com}{Foundry Bucket Sale}. For just under 20 months, any Ethereum agent with DAI can deposit this DAI in exchange for freshly minted FRY, the exact pricing of which is determined by the market as described \href{https://foundrydao.com/faq/#how-much-is-the-sale-looking-to-raise}{here}.
On June 19 2020, sale of the Foundry Logistics Token (FRY) was initiated via the \href{https://sale.foundrydao.com}{Foundry Bucket Sale}. For just under 20 months, any Ethereum agent with DAI can deposit this DAI in exchange for freshly minted FRY, the exact pricing of which is determined by the market as described \href{https://foundrydao.com/faq/how-does-the-sale-work}{here}.

As this initial bucket sale concludes, a perpetual sale may be developed and deployed that effectively extends this entry option into the future without bounds. More on this in \ref{perpetual-sale}.

Expand Down Expand Up @@ -236,7 +236,7 @@ \subsection{Buy Back Proposal} \label{buy-back}

A particular proposal of note is a buy-back proposal. This would send some Treasury assets to a ``buy-back contract'', which allows FRY holders to exchange their FRY for these assets.

The contract would work as an almost exact mirror of a single bucket in the Foundry Bucket Sale (more info \href{https://foundrydao.com/faq/#about-the-token-sale}{here}). Where the bucket accepts DAI and mints FRY, the buy-back contract would burn FRY and release the held asset. Anyone could burn as much FRY as they want, and the asset would be distributed proportional to the amount of FRY each user burned. The asset is being auctioned for FRY, and a natural price would emerge.
The contract would work as an almost exact mirror of a single bucket in the Foundry Bucket Sale (more info \href{https://foundrydao.com/faq/how-does-the-sale-work}{here}). Where the bucket accepts DAI and mints FRY, the buy-back contract would burn FRY and release the held asset. Anyone could burn as much FRY as they want, and the asset would be distributed proportional to the amount of FRY each user burned. The asset is being auctioned for FRY, and a natural price would emerge.

Where the bucket sale increases Foundry's treasury while inflating FRY, the buy-back contract would decrease Foundry's treasury while deflating FRY.

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