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Rari Capital DAORari Capital DAOby0x03fbf4a999249256A32dF071230573f153ae60FE0x03fb…60FE

Treasury Request: Bancor Pool

Voting ended almost 5 years agoSucceeded

Summary: Rari Capital has officially been whitelisted on Bancor: https://vote.bancor.network/#/bancornetwork.eth/proposal/QmdopRGekzVpHUnTuU6DLitHZMgEd19aw3M5sZTJRcM55J

Background: The next step in this process is to create the RGT-BNT pool. I am proposing that this pool creation is created and maintained by the DAO.

Abstract: The pool requirements at inception requires at least 1,000 BNT and the equivalent $ amount in RGT. I propose that we swap USDC to purchase the appropriate amount of BNT. Once we have BNT, we would then seed the pool with BNT and treasury RGT. The treasury can be found here: https://etherscan.io/address/0x10db6bce3f2ae1589ec91a872213dae59697967a

Motivation: Bancor is a very well known liquidity providing protocol and the whitelisting of Rari Capital allows this pool to be created for our users to interact with.

The Bancor team prepared a guide for bootstrapping a liquidity pool that can be found here: https://docs.google.com/document/d/17bKtutKbyEgTIi7wocrqHQ-s1UumJhDe_xfEJj35YCM/edit?usp=sharing

Off-Chain Vote

Yes, use treasury for Bancor
407.79K 100%
Don't do anything
0 0%
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Timeline

Apr 02, 2021Proposal created
Apr 02, 2021Proposal vote started
Apr 04, 2021Proposal vote ended
Oct 26, 2023Proposal updated