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KogeCoinKogeCoinby0x74747A885A01bC575B03624bF01fB67Bd2542CAA0x7474…2CAA

Offer leveraged farming on high quality coins

Voting ended over 4 years agoSucceeded

Platforms like Francium and Tulip on Solana offer leverage for high quality coin liquidity pools (eg ETH/SOL or ETH/ORCA or USDC/SOL) up to 3x leverage to achieve high APRs. They have sucked up massive amounts of Solana TVL as a result. This also opens up a market for lending coins which incentivizes users to stay on-platform. This proposal is for Koge to offer something similar within Polygon, take top 5-10 projects (across P2E gaming, Dexes, etc) and pair with MATIC or stable coins, and offer these as liquidity pools where the user borrows USDC/USDT/DAI etc to increase their leverage. By offering users stabecoins to borrow and offering reasonable LTV and liquidation schedules , you can substantially increase pool yields with limited additional price delta on the non-stable asset.

Off-Chain Vote

Yes. Let's get TVL on Koge up!
491.94K 84.2%
No, let's keep doing the same
92.58K 15.8%
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Timeline

Nov 07, 2021Proposal created
Nov 07, 2021Proposal vote started
Nov 11, 2021Proposal vote ended
Oct 26, 2023Proposal updated