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DebaseonomicsDebaseonomicsby0x7b87Fb3937C2725E804304f4E3528B20ec46a5c60x7b87…a5c6

Liquidity mining incentives

Voting ended about 5 years agoSucceeded

Summary: As DEBASE transitions from an algo-stable to a reserve token (https://www.notion.so/economicsdesign/Intro-to-Debase-b1cde830d5644cb58509368a8411b6af), it's important to incentivize liquidity irrespective to peg, preferably in a non-dilutive manner to Debase holders. LP mining incentives of 20 MPH, 1000 CRV, and 30k DEBASE for the DEBASE/ETH LP, over the course of 30 days would be beneficial to this effect.

MPH is our first partner protocol and this initiative will bring the communities closer. Besides, the treasury already has access to the 20 MPH. Being a DeFi tail asset that will likely appreciate in value, the MPH will be a valuable reward for liquid mining.

CRV is the base yield of DeFI, and arguably the most important DeFi protocol besides Maker, Aave, Compound, and Synthetix. Therefore, rewards in CRV will bring interest of the general DeFi community to Debase.

Yields in MPH, CRV not only rewards Debase liquidity without solely diluting DEBASE holders, it will also bring attention to the larger DeFi community to the protocol.

Technical Details: The LP incentive pool will provide yield in the three tokens, proportional to the quantity and time, the DEBAE/ETH LPS are staked.

Vote Yes to agree, No otherwise.

Off-Chain Vote

Yes
5.64K 99.9%
No
4.43 0.1%
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Timeline

Apr 15, 2021Proposal created
Apr 15, 2021Proposal vote started
Apr 16, 2021Proposal vote ended
Oct 26, 2023Proposal updated