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Extra FinanceExtra Financeby0x646985bBB677653e5768139D354ca706F1858fCFnexus00

Seek USDC lending directly from Circle

Voting ended almost 2 years agoSucceeded

The rates and market for USDC are consistently maxed out. All potential farming opportunities are now limited by the lending markets.

Lenders are also able to earn above average rates (20%+) on stable coins.

We ask that the protocol to seek larger investment from Stablecoin issuers directly who might supply $1-5M across the Optimism and BASE L2s so that then more accelerated farming might occur.

Without active liquidity the ability utilise the Extra functionality is mute.

  • This vote seeks to give impetus to the Extra team to facilitate greater lending so that any upcoming waves of usage on Base or Optimism might benefit Extra and it's members/

Off-Chain Vote

Seek $1-5M from Circle
7.73M veEXTRA99.6%
Seek upto $1M from Circle
181.35 veEXTRA0%
Do not seek funding from Circle
33.93K veEXTRA0.4%
Quorum:15529%
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Timeline

Mar 26, 2024Proposal created
Mar 27, 2024Proposal vote started
Mar 30, 2024Proposal vote ended
Dec 21, 2024Proposal updated