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Liquid DriverLiquid Driverby0xDDd75dF073742BF91bF68FFfabdFBC2f75ca37Ab0xhomme.eth

LIP-008: Distribute the $DEUS in the DAO treasury to xLQDR holders

Voting ended almost 4 years agoSucceeded

Proposal: To transfer the liquiDAO owned DEUS tokens (Totaling 2,435 tokens) from the treasury to the rewards distributor and include it in the daily payouts for xLQDR holders.

Tokens to be streamed into the distributor wallet over a 2 month period, where in addition to the 6 tokens earned a 7th token will be added, $DEUS

Rationale / Justification:

  • DEUS token has grown tremendously in price recently, this would increase xLQDR APR;
  • Give the xLQDR holders an added revenue stream.

Benefits:

  • Increase the yield on xLQDR;
  • Give the ability to xLQDR holders a more diversified revenue stream;

Risks:

  1. liquiDAO will no longer hold the DEUS;
  2. liquiDAO is missing out on being a key holder of DEUS and locking it into veDEUS;

Risk Mitigants:

  1. Tokens are transferred to the owners of the liquiDAO, xLQDR holders;
  2. Mitigated, as Liquid Driver is looking to create a wrapped version of veDEUS and acquire the tokens in that fashion.

Before making any final decision feel free to discuss the proposal in the liquiDAO section of our discord http://discord.gg/LiquidDriver

Off-Chain Vote

Distribute the DAO held $DEUS
730.95K 98.7%
Do Nothing
9.38K 1.3%
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Timeline

Mar 22, 2022Proposal created
Mar 22, 2022Proposal vote started
Mar 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated