BACKGROUND We have witnessed a general recovery of crypto and NFT markets. DAO Treasury needs to raise more funds for future protocol growth. At the same time it is rather evident that the USD stablecoin loan market across peer-to-peer markets remain underserved relative to the ETH loan market.
PROPOSAL Split existing BEND token emissions as follows:
75% to ETH pool and 25% to USDT pool Position BEND as the best USD stablecoin deposit and lending rate in the NFT market. Increase DAO Treasury protocol income via USDT pool proceeds.
GOVERNANCE Phase 1: Idea or Draft Minimum number of checks: 10 - Pass Discord Idea: https://discord.com/channels/897709643948761148/1175304474185695332
Phase 2: BRC Minimum number of voters: 10 - Pass BRC: https://governance.benddao.xyz/t/bip-45-incentivize-usdt-pools/621
Phase 3: On-chain voting Voting Quorum: Approximately 84M veBEND (20% of the veBEND staked) Pass Rate: Over 80% Approved The voting will last for 7 days.
Off-Chain Vote
For
67.18M veBEND100%
Against
0 veBEND0%
Abstain
0 veBEND0%
Timeline
Dec 06, 2023Proposal created
Dec 06, 2023Proposal vote started
Dec 13, 2023Proposal vote ended
Jan 12, 2025Proposal updated