Proposal:

We propose to get more involved in the Solidly protocol and Solidly will in turn incentivize us for doing so via its ecosystem incentive and partnership program. Ultimately:

Firebird as a protocol will receive a veSOLID NFT in an effort to diversify revenue streams and strengthen relationships with a key partner.

Firebird proposes to then bribe $5000 USDC over 1 month on Solidly Eth pools using funds from protocol fees.

Background:

As part of the next chapter for Firebird, we want to explore different ways to reward $FBA stakers to increase long term interest in the token and therefore the protocol. Additionally, rather than isolate ourselves in the sea of multi-chain DeFi - we want to extend our sphere of influence by increasingly entering into more proposals like this with key partners as a mutual show of trust and belief in each other's success.

In order to kick-start this initiative, we propose the following:

Proposal detail:

SOLIDLY Eth has kindly offered to give us an NFT representing 30,000 locked tokens. In order to support the Solidly ecosystem, Firebird will bribe Solidly eth pools with $5000 over 1 month and continue to cross-promote and engage with each other's platforms. Additionally, any revenue from this will be proportionally funnelled back to FBA stakers based on existing/future DAO revenue split vote.

Investment details:

Initial outlay : $5000 USDC taken from January 2023 revenue / added to existing debt $SOLID/moSOLID amount : 30000 veSOLID Total cost used to bribe pools : $5000 Projection as of: 2023-01-13

Furthermore, this strategy will help open dialogue with existing and future partners that as a project, Firebird is actively looking to participate and foster key partnerships across all 8 operating chains.

Benefits:

• Strengthen relationship between Firebird and SOLIDLY Eth
• More profits to be distributed for $FBA stakers

Risks:

• External risks based on the success and longevity of the SOLIDLY Eth project on Ethereum