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DIADIAby0xa7b7d4ebF1F5035F3b289139baDa62f981f2916E0xa7b7…916E

GDR #010: Cross-Chain / Bridge Liqidity Pool Incentive Program from Treasury

Voting ended over 3 years agoSucceeded
  • Introduction

Following the discussion on Arbitrum Liquidity, as well as the inherent risks (Add Liquidity to the Anyswap DIA Pool), we would like to propose a snapshot vote on a subsequent Bridge LP Incentive Program similar to the 2021 one DAO Vote #2: Liquidity Provision Incentives | by DIA Core Team | DIA Insights | Medium

  • Problem

Low liquidity on Pool on Anyswap (Arbitrum / Ethereum).

  • Context

This Pool is needed for DIA ART owners and stakers because the Staking Rewards are paid out in DIA on Arbitrum. See: Add Liquidity to the Anyswap DIA Pool

  • Solution

Additional LP incentive program for bridged DIA liquidity 25K DIA from treasury. Program structured similar to old methodology: Add Liquidity to the Anyswap DIA Pool

  • Benefits

Convenience and liquidity for DIA NFT/bridges token holders.

  • Costs

25.000 DIA + security risk

  • Risks

Vulnerabilities in Cross-chain Bridge Protocols Emerge as Top Security Risk, hacked tokens can be dumped on community. See: Cross-Chain Bridge Hacks Emerge as Top Security Risk

Off-Chain Vote

Yes, new bridging LP program
3.61K DIA8.3%
No new bridging LP program
40.11K DIA91.7%
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Timeline

Sep 21, 2022Proposal created
Sep 22, 2022Proposal vote started
Sep 27, 2022Proposal vote ended
Oct 26, 2023Proposal updated