by
0x4122…664E
CIP029 - Migrate Dystopia LPs to Penrose
Voting ended about 3 years agoSucceeded
This is a proposal to move our LPs currently in Dystopia (our CLAM/MAI LP as well as our WMATIC/DYST LP from CIP026) to Penrose.
Benefits:
- Greater overall revenue (for every DYST that we would have earned on Dystopia, we will now receive 0.75 DYST and 0.75 PEN)
- As a Dystopia partner (we were one of the protocols that were airdropped an initial veNFT), we are entitled to additional PEN emissions that normal stakers are not. See info here: https://docs.penrose.money/partners/partners-faq
- Governance in the Dystopia ecosystem is actually greater through PEN than it is through veDYST
I don't see any downsides. We are not voting on whether to trade in our veNFT for penDYST, nor what to do with all of our new rewards (convert to PEN for max governance, convert to penDYST for max revenue, etc), although we will in the near future I'm sure.
To keep this simple, this proposal is just for the migration, to begin receiving Penrose rewards instead of Dystopia rewards.
Off-Chain Vote
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- Author
0x4122…664E
- IPFS#QmdTckra
- Voting Systemsingle-choice
- Start DateJun 08, 2022
- End DateJun 09, 2022
- Total Votes Cast7.8K vPEARL
- Total Voters13
Timeline
- Jun 08, 2022Proposal created
- Jun 08, 2022Proposal vote started
- Jun 09, 2022Proposal vote ended
- Oct 26, 2023Proposal updated