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Cover ProtocolCover Protocolby0x2f80E5163A7A774038753593010173322eA6f9fe0x2f80…f9fe

Add shield mining rewards to Perpetual Protocol

Voting ended about 5 years agoFailed

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

Off-Chain Vote

Yes
0 0%
No
0 0%
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Timeline

Dec 07, 2020Proposal created
Dec 07, 2020Proposal vote started
Dec 09, 2020Proposal vote ended
Oct 26, 2023Proposal updated