Protocol Owned Liquidity proposal on WYND DEX

This proposal is to request 166,000 $JUNO ($250,000) from the community pool to be added with 835,000 $WYND ($250,000) minted by the WYND DAO into the JUNO/WYND pool on WYND DEX as Protocol Owned Liquidity.

You can read more about what is POL and WYND DEX here

https://dex.wynddao.com/ https://medium.com/wynddao/wynnovation-protocol-owned-liquidity-78fbbadac86f

Participation in Protocol Owned Liquidity can be withdrawn at any time for any reason by either party. Modification of existing parameters, such as adding, partially removing liquidity, or adding / modifying the bondend amount or duration will also require an on-chain governance vote by both parties. Plan of action Community pool tokens from Juno and WYND DAO will be sent to a Juno/WYND PoL multi-sig address that will then allocate token to the liquidity pools. This subDAO will also maintain custody of the LP position unless a governance proposal from either Juno or WYND dictates otherwise.

Any excess $WYND goes to the WYND DAO community pool. This means in effect that each side contributes a maximum number of tokens as given in the proposal, but the swap is performed at market price at time of LPing, so the token with better price action will receive some of the tokens back

Multisig members are

Esse (Made in Block Validator) Jakub (WYND Developer) Rarma (Community Member) CryptoCakir (Stake & Relax Validator) Mike Purvis (CronCat co-founder) Multisig can be viewed here: https://daodao.zone/dao/juno1nmua4tj8kxvfmzexx8vuggv2zzq24hf8t7grvjjvc2xjll3vjwyqf4eshn

Note Protocol Owned Liquidity is a novel concept that has yet to be successfully implemented in the Cosmos Ecosystem. If this proposal passes, Juno will be the home of the first ever protocol owned liquidity governed by a DAO. The successful implementation of Protocol Owned Liquidity with the Juno Community pool will pave the way to attract more interchain liquidity to Juno Network and WYND DEX.

Voting:

YES - You agree to provide 166,000 $JUNO from the community pool to participate in protocol owned liquidity on WYND DEX NO - You don’t agree to provide 166,000 $JUNO from the community pool to participate in protocol owned liquidity on WYND DEX ABSTAIN - You formally decline to vote either for or against the proposal NO WITH VETO - You would like to see depositors penalized by revocation of their 1000 JUNO deposit, and contribute towards an automatic 1/3 veto threshold.