Should we start the Angel Vault & corresponding incentives program?

The Angel Vault is a structured Univ3 liquidity program for GIV/oneGIV that will be initialized & managed by a Giveth core team & ICHI multisig. oneGIV will be a Giveth-branded stable coin that will be initially 100% collateralized by DAI.

Anyone in the community will be able to add liquidity to the vault to earn rewards that are proportional to the amount of liquidity provided. The Angel Vault will provide significant liquidity for GIV on Uniswap, and protect the GIV token from downward volatility thanks to a moving “buy wall”.

Significant context can be found in this forum post

In Conclusion

The Angel Vault and corresponding rewards program will:

• Provide significant liquidity for GIV on Uniswap v3
• Offer fair rewards to liquidity providers
• Protect the GIV token from downward volatility
• Create more demand for the GIV token through oneGIV
• Create an opportunity to generate funds through arbitrage, and
• Open the door to potentially more innovative economics using this system as a starting point

It is requesting the following from the liquidity mining multisig:

• Approx. $400k of GIV to over-collateralize oneGIV
• 6 million GIV to incentivize Angel Vault LPs