CIP025 - Begin Gauge Voting on Dystopia LP Pairs
We are in a unique position with Dystopia, in that our voting power is quite high in proportion to our market cap and other traditional protocol metrics. As such, it would be wise to capitalize on this unique advantage by opening up gauge voting for Dystopia pairs through our protocol!
Unfamiliar with gauge voting? For DEX's like Dystopia, almost all native token (DYST) emissions are distributed as liquidity mining rewards to their liquidity pools. How much of the emissions each pair receives is determined by how many votes it receives from those who hold governance power (in Dystopia's case, veNFTs). Since OtterClam has significant voting power, the protocol could vote for specific pairs, and Pearl holders could vote on which pairs to direct the protocol's votes to each week.
This will give CLAM/Pearl extra utility, since a lot of voting power in Dystopia could be harnessed by acquiring Pearls and voting in these gauges. There's really no downside that I can think of, as it's just a net add of utility for the protocol.
Off-Chain Vote
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- Author
0x4122…664E
- IPFS#QmNasEKc
- Voting Systemsingle-choice
- Start DateMay 27, 2022
- End DateMay 30, 2022
- Total Votes Cast8.87K vPEARL
- Total Voters13
Timeline
- May 27, 2022Proposal created
- May 27, 2022Proposal vote started
- May 30, 2022Proposal vote ended
- Oct 26, 2023Proposal updated