Usage of dai for lp from the treasury
Currently there is 4.5mil dai in the treasury. With ice being at 0.024 and declining for a while, it would be beneficial to try and use some of this dai to support the ice token.
Ideas: We could let the team add liquidity or we could try to incentivise users to add liquidity by using the dai as a staking reward for the amm pool.
Proposals:
- The team converts 1mil dai to usdc and add to usdc/ice LP
- Create an amm staking pool for ice/usdc that pays out 1mil dai(in usdc) over the course of 1 year.
- None of the above.
Off-Chain Vote
Team adds LP
78.44K xDG4.8%
Staking pool
508.71K xDG31.5%
None of the above
1.03M xDG63.7%
Quorum:16%
Discussion
Timeline
May 03, 2022Proposal created
May 03, 2022Proposal vote started
May 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated