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Klima DAOKlima DAOby0xfa09ab0C96A37090e10706A0B5d95D1B1E81Fa4A0xfa09…Fa4A

KIP-18: pKLIMA Redemption Framework + Redeem and Utilize 25% BCT/USDC LP

Voting ended almost 4 years agoSucceeded

Summary Allow up to 1 million total pKLIMA from the DAO allocation to be utilized for bolstering KLIMA-paired liquidity pools.

Disband an additional 25% of BCT/USDC LP to deepen KLIMA/USDC liquidity and better utilize capital.

Proposal The community allocation of pKLIMA is a strategic reserve that can fulfill key DAO initiatives requiring KLIMA, such as seeding new liquidity pools or bolstering existing pools. The initial use of pKLIMA to deepen our KLIMA/USDC LP is an example of how we can utilize pKLIMA to direct treasury funds where they are most needed.

Policy requests permission for the following:

  1. A strategic liquidity bolstering budget of 1 million pKLIMA, to be utilized no more frequently than once every 2 weeks, in batches not exceeding 3% of circulating KLIMA supply.
  2. Disband an additional 25% of the current BCT/USDC liquidity, for similar reasons outlined in KIP-13, based on current % utilization and trade size of this pool.

The forum post for discussion is linked below: https://forum.klimadao.finance/d/46-kip-18-pklima-redemption-framework-redeem-and-utilize-25-bctusdc-lp

Off-Chain Vote

For Proposal
125.68K 100%
Against Proposal
51.78 0%
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Timeline

Mar 26, 2022Proposal created
Mar 26, 2022Proposal vote started
Mar 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated