DIP002: Index token with Amun/21 Shares

Please read the entire proposal before voting.

Summary:

Amun/21 Shares has approached Dfyn to include $DFYN in their Polygon index token. We’re forwarding this proposal to the community to vote on whether to approve this partnership.

As part of the deal, Dfyn would provide $880,000 in $DFYN to seed the index. Dfyn would then receive an equal amount in the index token, which would be backed by funds from the other projects involved.

To begin with, MATIC makes up 50% of the index composition. As the Polygon system matures, the expectation is that the amount of MATIC in the index reduces to make way for more project tokens. The remainder of the 50% currently is composed of protocol tokens weighted using the averaged ratio of market cap and DEX liquidity.

In addition to DFYN, the projects that will be included are QuickSwap, QiDao, Aavegotchi and Adamant. Dfyn’s weight would be 4.4% of the entire index.

PECO will be made available on both Polygon and Ethereum. They propose to deploy the seed capital in two liquidity pools to help facilitate trading:

• On Polygon: PECO–MATIC ($10m)
• On Ethereum: PECO–MATIC ($10m)

Benefits

Being part of Index will give Dfyn extra visibility and allow an entirely new set of users to have exposure to $DFYN. For example, users who are too busy to cherry-pick tokens on Polygon might prefer to just hold the Index token.

Amun will commit to marketing the token through giveaways, listings, and social media content.

Additional Resources

Dfyn Discord channel: https://discord.com/invite/yjM2fUUHvN Amun website: https://amun.com/ Amun Discord channel: https://discord.gg/N9nQh65mTq

Options

We request the community to decide whether or not to proceed with this partnership:

• Option 1: Yes - Partner with Amun.
• Option 2: No - Do not partner with Amun.

Voting Considerations

• All DFYN holders will be afforded one vote against each DFYN token they hold on Polygon. Unfortunately, DFYN token holders on Ethereum are not eligible to participate in this vote.
• Users who have staked their DFYN tokens in vaults and provided DFYN token liquidity on Dfyn Exchange (whether or not they have staked their LP tokens in any Dfyn Exchange farms) will have 1.5x voting power, i.e. they will be given 1.5 votes against each DFYN token staked. Note that the votes against DFYN LP tokens staked in other yield aggregating platforms such as Polycat Finance, DinoSwap etc. won't be taken into consideration.
• Users who have staked their DFYN tokens in vDfyn vault will have 2x voting power, i.e. they will be given 2 votes against each DFYN token staked.
• This proposal is using the single choice voting strategy, i.e., each voter's entire voting power can be allocated to only one of the two options.
• The snapshot for this proposal has been taken at 2:30 P.M UTC on Wednesday, September 22 2021 at block number 19386969 on the Polygon blockchain.
• This governance event will remain live from 3:30 P.M. UTC on Wednesday, September 22 2021 to 3:30 P.M. UTC on Tuesday, September 28 2021.

Quorum Standards

The option accruing more than 50% of the votes will be declared as the winner.