Proposal 8 - Addition of USDT pool and removal of BUSD

Proposal Objectives:

• Add MILK-USDT LP to the protocol.
• Remove BUSD pools from the protocol.
• Incentivize increased liquidity and stability of the MILK token.

Background:

The proposal suggests modifying some pools within the protocol. Specifically, it aims to remove the MILK-BUSD and COW-BUSD pools due to the SEC directive ordering Paxos to halt the issuance of BUSD. The preferred alternative is to add USDT as a replacement. Consensus is required to carry out the necessary changes.

Expected Results:

It is expected that this modification will have a positive impact on the price of MILK by increasing the APR of the Farms and attracting more investors to provide liquidity to the protocol, thereby increasing stability. Greater liquidity provides stability to the token. As part of this change, we can take advantage of the transition from the COW-BUSD and MILK-BUSD pools to collectively buy more MILK, boosting its price and adding liquidity to a new MILK-USDT pool, which will offer an attractive APR in the initial phase. Additionally, USDT will serve as the currency to purchase individual NFTs and NFT Packs in the Farm.

Proposal:

• Replace the MILK-BUSD LP liquidity pool with the MILK-USDT LP pool, increasing the allocation points for rewards, offering competitive yields, and incentivizing liquidity growth.
• Remove the COW-BUSD LP pool for three reasons: COW has considerably higher liquidity than MILK, COW has an automatic liquidity provision mechanism in every transaction, and COW acts as a Milk Power boost in the CashCow Farm, similar to NFTs.
• No modifications are proposed for the pools in the Milk Bar.
• Allocation points: MILK-BUSD LP 24X -> 0X COW-BUSD LP 15X -> 0X MILK-BNB GLP 24X -> 24X MILK-USDT LP 0X -> 39X

Voting Options:

• Positive vote: "I support Proposal"
• Negative vote: "I oppose Proposal"