Introduce Additional Reward Tokens to DOLA/USDC Pool

Background

Inverse Finance is a community of crypto enthusiasts organized as a DAO and started on December 26th 2020. Inverse DAO governs and develops a suite of permissionless and decentralized financial tools using blockchain smart contract technology. The code base is open source and maintained by the community.

Inverse DAO’s core product is DOLA, a debt-backed USD stablecoin.

Proposal Overview

This proposal seeks to get the option to add additional rewards to the DOLA/USDC pool on Aura. Acquiring veBAL votes in the market doesn't always follow a predictable pattern, and there are situations where the actual results fall far below what was initially expected. We seek the ability to add direct rewards to the pool as a fallback for when an underperformance happens, allowing the DAO to seamlessly top up the rewards ensuring LPs APR is not hit. Maintaining deep TVL in the pool is crucial for Inverse Finance to safely operate it’s lending market, FiRM.

Specification

DAO multisig will call setExtraReward on this “stash” for the DOLA/USDC pool. A new “VirtualRewardPool” would be created, and would allow a reward token to be sent to this stash, queuing it on the new virtual reward pool. Any reward token sent there would be queued over the following week.

Voting Procedure

Please note, the intention is for this proposal to go to vote in the Thursday 15th June snapshot round.

As such, the discussion period for this proposal is shorter than usual. We plan to finalize adding rewards to the DOLA/USDC pool by Monday 19th June, and therefore, we kindly request that the discussion period and the Snapshot voting take place before this date. Your timely participation is greatly appreciated.

The voting will follow a single-choice format. You can either vote “For” or “Against” this proposal, or you may choose to abstain. Voting “For” this proposal implies your support towards establishing the flexibility to add extra rewards to the DOLA/USDC pool.