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mStablemStableby0x908DB31Ce01DC42c8B712f9156E969bc65023119mzeronine.eth

MDP24.1 - Incentivized Liquidity Provision on Convex Finance

Voting ended over 4 years agoSucceeded

After this successful funding request, and in line with this forum post, it is hereby proposed to start an incentivized liquidity provision operation on Convex Finance.

This proposal suggests that 322,647 of the DAI currently held in the Asset Management subDAO be put into a Convex Finance liquidity position in order to begin accruing CRV & CVX (and potentially other protocol tokens from one of their liquidity pools).

Successful passing of this proposal will allow the Asset Management subDAO to continue with this opportunity until the incentivization on Convex Finance ends, or a different proposal be made to change the method or utilization of the tokens in question.

This first part of MDP24 is only asking if the subDAO should deploy the DAI tokens in question, but is not ratifying on which pool, or with which strategy. The second part of MDP24 will concern itself with these parameters, should this proposal resolve favourably.

Should the Asset Management subDAO deploy 322,647 of the DAI it custodies on the Convex Finance platform for an incentivized liquidity provision operation?

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Timeline

Sep 13, 2021Proposal created
Sep 13, 2021Proposal vote started
Sep 18, 2021Proposal vote ended
Oct 26, 2023Proposal updated