by
0x4122…664E
CIP050 - Convert CLAM/USD+ to CLAM/USDC
Voting ended almost 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
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- Author
0x4122…664E
- IPFS#bafkreic
- Voting Systembasic
- Start DateNov 07, 2022
- End DateNov 08, 2022
- Total Votes Cast144.37K vCLAM
- Total Voters12
Timeline
- Nov 07, 2022Proposal created
- Nov 07, 2022Proposal vote started
- Nov 08, 2022Proposal vote ended
- Oct 26, 2023Proposal updated