• © Goverland Inc. 2026
  • v1.0.8
  • Privacy Policy
  • Terms of Use
OtterClamOtterClamby0x41222a33d9B40173118BD8B80114a9ce3617664E0x4122…664E

CIP016 - Move FRAX/CLAM LP into QiDAO Farm

Voting ended about 4 years agoSucceeded

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

MAI/USDC stablecoin farm
100.03 0.9%
Qi/MATIC farm
11.34K 99.1%
Do Nothing
0 0%
Download mobile app to vote

Timeline

Mar 17, 2022Proposal created
Mar 17, 2022Proposal vote started
Mar 18, 2022Proposal vote ended
Oct 26, 2023Proposal updated