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Bag.winBag.winby0xb3Ab3a2f58a7d91Fe3Dcf9ABAd53C0dD1603B847ryandg.eth

DG-xDG Pool on QuickSwap

Voting ended over 4 years agoSucceeded

Background

Per Proposal #QmbgZuy, DG will be undergoing a 1:1000 token split. Per Proposal #QmZzmfj, auto-compounding will be added to DG DAO Governance via a new xDG token concurrently with the split.

Proposal

Upon token split, fund a $4M DG-xDG Pool on QuickSwap using DG from the DAO's "$DG Wallet."

Rationale

There is community demand for Governance staking on Polygon because ETH Transaction Fees are high; however, Ethereum Mainnet is the most secure place for such a large amount of DG to be (currently > $100M staked in Governance). This new DG-xDG pool on QuickSwap will allow community members to enter and exit governance positions with near-zero fees. The DG used to establish the pool already belongs to the DAO and will remain in the Treasury under the "Liquidity Provided" section.

Off-Chain Vote

YES
54.14K 96.1%
NO
2.22K 3.9%
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Timeline

Nov 09, 2021Proposal created
Nov 09, 2021Proposal vote started
Nov 17, 2021Proposal vote ended
Mar 03, 2025Proposal updated