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Indexed FinanceIndexed Financeby0x000000000057E8ABd581828A2b40076852C0bA6E0x0000…bA6E

[IIP-29] Determining asset to purchase liquidity for via trial Olympus Pro bond

Voting ended over 4 years agoSucceeded

Following unanimous approval in the previous Snapshot vote - https://gov.indexed.finance/#/proposal/QmVXeD5uobhDNPUEdkyep4q9K2LN1FGBxMmXG1BQWjosQ5 - determining whether to engage in a trial of acquiring protocol-owned liquidity via bond using Olympus Pro, the DAO now needs to determine what liquidity it actually wishes to purchase.

This vote will establish what LP token we wish to exchange 100,000 NDX from the Treasury for via a 30 day Olympus Pro bond program - this liquidity will thereafter be held by the Indexed DAO Timelock contract.

In the interests of providing the full scope of options, choices include liquidity for all six of our currently supported indices and NDX itself. This is a ranked choice vote - you may select and rank any number of your preferred choices.

In all cases, the DEX in question for which we will purchase liquidity will be Uniswap V2 (as that is where most of our liquidity is currently): the DAO can subsequently determine whether to migrate this elsewhere.

Current levels of Uniswap V2 liquidity for each of the tokens in question (at the time of writing):

  • DEFI5: US$10,636,369
  • DEGEN: US$2,513,166
  • CC10: US$2,209,279
  • FFF: US$922,007
  • NFTP: US$825,013
  • ORCL5: US$315,460
  • NDX: US$69,838

Note that once this is determined, a subsequent Governor Alpha vote will need to be passed in order to transfer the 100,000 NDX to a bond contract created by Olympus for this purpose.

Off-Chain Vote

DEFI5-ETH
143.28 1.7%
DEGEN-ETH
8.07K 97%
CC10-ETH
0 0%
NFTP-ETH
109.72 1.3%
FFF-ETH
0 0%
ORCL5-ETH
0 0%
NDX-ETH
0 0%
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Timeline

Oct 14, 2021Proposal created
Oct 14, 2021Proposal vote started
Oct 21, 2021Proposal vote ended
Oct 26, 2023Proposal updated