This proposal is to decide whether or not to incentivize shield mining for Perpetual Protocol with $COVER rewards.
Perpetual Protocol will be launching on main net soon, along with immediate coverage support on Cover Protocol. Perpetual Protocol is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker.
They will be providing $250k of initial liquidity into the covToken Balancer pools.
Because Perpetual Protocol is new, if the vote passes, it will be given a weight of 1.5x. For reference, Curve has weight 5x, SushiSwap has weight 4x, Cream has weight 3x.
Options: Yes - Incentivize Perpetual Protocol with $COVER by diluting all other pools proportionally No - Do not incentivize Perpetual Protocol with $COVER