CIP016 - Move FRAX/CLAM LP into QiDAO Farm
We still have some FRAX/CLAM LP sitting out there in DeFiLand, and it's not doing much for us. Most of the LP was converted to Qi/CLAM, but I would like to suggest that we take the remainder of the FRAX (~$180k) and convert it to one of two QiDAO LP farms:
1.) MAI/USDC stablecoin farm - APY is about 15% right now. This is a stablecoin pool with little to no risk of volatility.
2.) Qi/MATIC farm - about 100% APY right now. Obviously at the mercy of Polygon and Qi price action.
3.) Do nothing - This is also always an option I guess.
The CLAM portion of the FRAX/CLAM LP would be transferred to the DAO fund for compensation to DAO contributors, giveaways, or whatever other discretionary uses the DAO has for it (also avoiding a tank in CLAM price by selling for something else).
Off-Chain Vote
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- Author
0x4122…664E
- IPFS#QmTCe6mN
- Voting Systemsingle-choice
- Start DateMar 17, 2022
- End DateMar 18, 2022
- Total Votes Cast11.44K
- Total Voters30
Timeline
- Mar 17, 2022Proposal created
- Mar 17, 2022Proposal vote started
- Mar 18, 2022Proposal vote ended
- Oct 26, 2023Proposal updated