The proposal

• List $DOC on Blindex (and add it to Blindex’s smart routing)
• List the $DOC/$BDUS pool - a stable-to-stable pool with both sides pegged to the same fiat.
• Staking
  • Rewards will start accumulating after 48 hours from the listing of the pool - to provide a fair chance for everyone to participate in a new pool with high rewards.
• Liquidity target and reverting the listing
  • The pool will have a target of reaching at least $50K in liquidity within a month.
  • If the pool fails to reach that amount, then:
    • The rewards accumulation will stop.
    • The funds in the staking pool will be unlocked.
    • Users will be able to get their provided liquidity back.

Background

Listing $DOC is a request from the Blindex community in several chats on the Blindex channels.

$DOC is an over collateralized USD pegged stablecoin made by the MOC (Money On Chain) protocol. You could see $DOC's stability when looking on Nomics. $DOC is also listed on Sovryn with about $200K worth of liquidity in the $DOC/$RBTC pool.

Up until now, the MOC and Blindex communities had nothing in common. Applying this proposal will allow the MOC community to use their $DOC tokens to earn $BDX rewards, thus giving more utility to the $DOC token.

It will also benefit the Blindex community as there will be more need for $BDX to mint $BDUS. It will also open a new arbitrage opportunity between this new pool and the $DOC/$RBTC pool on Sovryn.

The $DOC/$BDUS will be a stable-to-stable pool, in which both sides peg to the same fiat (USD), which is a VERY low-risk pool. Blindex has a pool like that today, $XUSD/$BDUS. Because of the low risk, it's the largest pool on Blindex today.

Marketing & Community

The Blindex team has already started discussing with the MOC team to spread the word that a new utility for $DOC has arrived. A special thanks also go to Gastón Brito, who also started spreading the word on the MOC Spanish group.