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BeetsBeetsby0xF7c5884d77eb00aFCC506c2f99D438C0CE6C2E000xF7c5…2E00

Treasury Revenue - Part 2

Voting ended almost 4 years agoSucceeded

We propose to put authorisations in place to allow the Treasury to utelise revenue streams.

The table below indicates the past and present revenue streams in place.

image

As we have been discussing, the approvals will be batched together, this proposal covers part 1.

Part 2

This part covers farming on Liquid Driver

Option 1

  • Max lock the LQDR to mint xLQDR and yield those rewards
  • xLQDR rewards are to split: 1. Max lock the LQDR 2. BEETS to be held by treasury 3. Remaining yield to be added to Protocol Owned Liquidity, the allocation to be determined by the liquidity committee

Option 2

  • Max lock the LQDR to mint xLQDR and yield those rewards
  • xLQDR rewards are to split: 1. BEETS to be held by treasury 2. Remaining yield to be added to Protocol Owned Liquidity, the allocation to be determined by the liquidity committee

Option 3

  • Use the farmed LQDR to mint fNFTs

The difference between Option 1 and 2 is we always lock the maximum amount of LQDR

Off-Chain Vote

Option 1
7.1M BEETS-LP82.7%
Option 2
1.14M BEETS-LP13.3%
Option 3
89.61K BEETS-LP1%
None - More discussion needed
254.36K BEETS-LP3%
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Timeline

Apr 18, 2022Proposal created
Apr 18, 2022Proposal vote started
Apr 24, 2022Proposal vote ended
Oct 26, 2023Proposal updated