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AbachiAbachiby0xde6EA9A2992df0DFa3Ca5Cf09F9f7c25929303420xde6E…0342

[ABIP-13] -The great migration to mainnet

Voting ended over 3 years agoSucceeded

Summary Launching the permissioned lending pools on Ethereum

Motivation

Abachi has mentioned in recent AMAs is launching the first product - permissioned pools. We require these in the first version to be launched on Ethereum. This is purely because mainnet is where most liquidity resides.

We will be required to also work and implement on a bridge for gABI between Polygon and Ethereum and launch a limited LP on ethereum.

The proposal seeks community agreement to proceed.

Methodology

Launch the contracts for permissioned lending on Ethereum Mainnet (we do plan other networks in next versions). These contracts were all written inhouse.

Work with a partner to bridge gABI to ethereum. Prefer to work with Synapse, however there are many options now.

Provide emissions as incentives to these pools in OHM + ABI.

Deploy LP on mainnet and incentivize it using our OHM + ABI emissions.

Overall as we grow, this would also signal an intention to move more operations with a mainnet (ethereum) first approach.

As recommended by the community, this will be deployed in phases where phase 1 will only emit OHM emissions to boost APY.

Off-Chain Vote

Agree
22.16K ABI100%
Disagree
0 ABI0%
Quorum:4432%
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Timeline

Jun 08, 2022Proposal created
Jun 08, 2022Proposal vote started
Jun 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated