CIP050 - Convert CLAM/USD+ to CLAM/USDC

Voting ended over 3 years agoSucceeded

Many in the DAO have decided that the yield from USD+ is not worth the risk given recent events.

We are earning about $14K a year in additional yield from being paired to USD+ in our LP, which would be a straight loss as we couldn't replace that yield outside of another yield-bearing stable. Because CLAM is paired with USD+, it's also a small upward pressure on CLAM demand because of the magic of LP mechanics.

Our Pentopia revenue would not be affected, as we could simply vote for CLAM/USDC.

Off-Chain Vote

For

108.45K vCLAM75.1%

Against

26.56K vCLAM18.4%

Abstain

9.36K vCLAM6.5%

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Timeline

Nov 07, 2022Proposal created

Nov 07, 2022Proposal vote started

Nov 08, 2022Proposal vote ended

Oct 26, 2023Proposal updated