by
0xfc1F…2ce3
CIP015 - Yield Farm ETH deposited into Otter Treasury from NFT mints
Voting ended over 3 years agoSucceeded
Goal Put new ETH from NFT mints to use earning yields
Motivation We can expect at least some ETH in the treasury once NFTs drop, although the majority of the mints and customizations should be burnt CLAM. Instead of letting the ETH stagnate in the treasury, we should put it to use. There have been several directions proposed:
VOTE 1.) Convert it to the ETH/MATIC dual mining LP to earn dQUICK and MATIC: -> Current APY is about 20% -> The farmed dQUICK could be put to use as set forth in CIP-012 -> The farmed MATIC could be converted to MATIC/QI as set forth in CIP-013
2.) Convert ETH to ETH/USDC. DEX to be used can be determined later.
3.) Do nothing
Off-Chain Vote
Convert it to the ETH/MATIC6.6K 76.4%
Convert ETH to ETH/USDC2.03K 23.5%
Do nothing5.98 0.1%
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- Author
0xfc1F…2ce3
- IPFS#QmQmw7Xm
- Voting Systemsingle-choice
- Start DateMar 07, 2022
- End DateMar 08, 2022
- Total Votes Cast8.64K
- Total Voters72
Timeline
- Mar 07, 2022Proposal created
- Mar 07, 2022Proposal vote started
- Mar 08, 2022Proposal vote ended
- Oct 26, 2023Proposal updated