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mStable DAOmStable DAOby0x4B37BbC8CAb32aade27Ce8b1bb2A9E614de81E030x4B37…1E03

MDP20.1 DAI/MTA Liquidity pooling - Motion

Voting ended almost 5 years agoSucceeded

It is motioned to use some of the DAO's treasury funds to create a DAI/MTA liquidity pool to bolster MTA's liquidity. This is done alongside the motioned removal of MTA/WETH rewards for the Uniswap EARN pool (MDP20.2).

It would use the entire balance of DAI, with an MTA amount to match that will be driven by the weight and MTA's price at the time.

This motion will expose the tokens to impermanent loss, which is a factor that must be considered by signers in approving or rejecting this motion.

As this motion impacts both the DAO's USD treasury and MTA, it will be presented to Meta governors for a vote along with a forum post that covers both MDP20.1 and MDP20.2, assuming both are ratified by signers.

Should MDP20.1 be created and shared as a public proposal on the mStable forum and snapshot page?

Off-Chain Vote

Yes
40 100%
No
0 0%
Abstain
0 0%
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Timeline

Mar 23, 2021Proposal created
Mar 24, 2021Proposal vote started
Mar 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated