Synopsis

Increase the redemption rate of JuiceboxDAO V3 treasury (https://juicebox.money/@juicebox) from 0% to 90%.

Motivation

Current redemption rate is 0%, which means an effective lock-down of redemption, while a redemption rate greater than 0% will open it up;
To give $JBX holders an option to ragequit, which has always been one of our most propagated metrics in the protocol to defend the interest of token holders;
To hopefully provide a price floor for $JBX on AMM exchange.

Reconfigure the Redemption Rate of JuiceboxDAO V3 project to 90%.

As of the time of writing this proposal, the secondary market price of $JBX on Uniswap is around 3,176,780.00 JBX / ETH, which has deviated very far away from the cost of most contributors (donors) or owners of projects (when distributing funds out of Juicebox in exchange for $JBX). This can be, on one hand due to the pessimistic general market emotion, but on the other due to the fact that redemption which correctly reflects the backing value of $JBX has been effectively closed for a relatively long time.
The current balance of V3 treasury is 1,276.7297 ETH. Current total supply of $JBX is 2,089,776,033.3412 JBX. At a 90% reademption rate, the redemption value will be around 1,818,688.30 JBX / 1 ETH.
The current Uniswap liquidity pool is very illiquid, where 1 ETH can easily increase the price of JBX to/above its redemption value, I don't see any overwhelming imminent risk of arbitrage existing here.
The redemption rate had served a very good price floor for JBX in the first half of year 2022, I don't see the perspective contrary to it currently.
Return of reasonable price token prices can help to ensure the interest of contributors and project owners, in turn reinvigorating our governance involvement.

There can possibly be very high redemption demand due to the pessimistic market emotion, which definitely also affects the decisions of $JBX holders.
As the AMM LP pool is very shallow, there can be big holders choose to redeem, no matter what the difference between redemption value and secondary price.
**Revelation of conflict of interest: zhape.eth has bought a considerable amount of JBX in the secondary market in the second half of last year and first half of this year, so my opinions might be biased towards my own interest. I should abstain from voting supportive of this proposal, although I also declare that i try my best to respect and abide by the JuiceboxDAO Foundation (https://docs.juicebox.money/dao/foundation/) and behave honestly following my heart.**

If approved, effective in the upcoming funding cycle.