Should "GIP-11 Bootstrap GFI Liquidity with Ondo x Frax LaaS Program" proposal be approved?

Summary:

• Goldfinch enters a partnership with Ondo and Frax to bootstrap DEX liquidity for the GFI token
• Currently, the only DEX liquidity for GFI is GFI/WETH on UniswapV2, and it only has $170k in total liquidity, which is insufficient for any meaningful trade size (~19% price slippage on a $20k swap)
• Goldfinch to provide $2.5m GFI to be paired with $2.5m FRAX at a fixed 5% APR on Uniswap V2 for 90 days, totaling $5m of GFI/FRAX liquidity
• This partnership costs significantly less than Goldfinch incentivizing liquidity through token emissions
• Goldfinch will earn trading fees in exchange for taking on impermanent loss risk

Proposal discussion: https://gov.goldfinch.finance/t/gip-11-bootstrap-gfi-liquidity-with-ondo-x-frax-laas-program/913

YES – Enter the LaaS program with Ondo and Frax, with terms outlined in this proposal

NO – Do nothing