KIP-13: Redeem and Utilize 25% BCT/USDC LP

Summary Redeem a portion of BCT/USDC LP from the treasury to extend runway and better utilize capital.

Motivation During the founding days, KlimaDAO required a robust BCT/USDC pool to maintain USDC->BCT->KLIMA roots into the treasury, as well as to provide the DAO with a steady stream of revenue.

As a reserve currency, KLIMA value and utility is maximized when transactions on the ReFi ecosystem are routed through KLIMA. As proposed in KIP-8 when KLIMA/USDC bonds were first introduced, the DAO looks to develop KLIMA horizontally, becoming a deep reservoir at the crossroads of the on-chain offset market.

With Klima/USDC, this provides a significant reduction in slippage for users, as it causes the user to not route and experience slippage twice by hopping USDC-BCT-KLIMA. With only a 1.4mm pool (2.3% of total liquidity) , it accounts for 30% of the total Klima volume. As more liquidity is added, we can expect to see more volume facilitated there.

Over the past two months, BCT/USDC pool growth has stagnated, while the volume passing through the pool has reduced. By repurposing a portion of the $45MM currently sitting in the pool, Klima will be able to utilize the underlying assets to better facilitate the market.

Proposal Allow the policy team to disband 25% of BCT/USDC to utilize in other methods outlined above.

Polling Period: The informal forum poll begins now and will end at Feb 17th 18:00 UTC. Assuming in favor, this vote will go to Snapshot.