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Velora DAOVelora DAOby0x0099F5326F05Fb8B3f541997526e9D9224a881470x0099…8147

PSP-IPΔ9: PSP Loan to launch a PSP/ETH AMM Pool on the DeversiFi Layer 2 + Bridges to Ethereum & Polygon

Voting ended about 4 years agoSucceeded

This proposal is to provide DeversiFi Labs with a PSP loan in order to facilitate the seeding of a layer 2 PSP/ETH AMM pool and fast-withdrawal bridges, allowing the gas-free & private trading of PSP on Ethereum as well as fast & private transfers to Ethereum L1 and the Polygon Network

The full discussion can be found here:

https://gov.paraswap.network/t/psp-eth-amm-liquidity-pool-fast-withdrawal-pool-on-the-deversifi-layer-2/215

2m PSP will be sent to the DeversiFi Labs mutisig: 0x520Cf70a2D0B3dfB7386A2Bc9F800321F62a5c3a

The loan is interest free and can be recalled at any time

DeversiFi will match the PSP used for the PSP/ETH AMM pool with it's own ETH

Off-Chain Vote

Yes
10.53M 98.8%
No
103.99K 1%
Abstain
25.29K 0.2%
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Timeline

Dec 27, 2021Proposal created
Dec 27, 2021Proposal vote started
Dec 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated