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Velora DAOVelora DAOby0xa521E425f37aCC731651565B41Ce3E5022274F4Ftenzent.eth

PSP-IPΔ14 - Allocate 1,000,000 PSP to Bancor POL

Voting ended almost 4 years agoSucceeded

Following the governance discussion regarding the additional addition of 1,000,000 PSP to the Bancor POL this Proposal is being put up to vote to fulfill the following objectives: Increase Protocol Owned Liquidity, Allow for larger orders in PSP, Increase PSP Volume, and Increase the PSP-Bancor Revenue Stream.

We hereby submit the execution of the Allocation of 1,000,000 PSP into the Bancor Liquidity Vault to a vote. PSP-IPΔ14 funding would be sourced from the PSP POL Budget.

The Proposal can be found here: https://gov.paraswap.network/t/psp-ip-14-allocate-1-000-000-psp-to-bancor-pol/695 The 2022 DAO Budget (Revised) can be found here: https://gov.paraswap.network/t/psp-bp-1-paraswap-dao-budget-for-2022/614/11

Off-Chain Vote

For - Add 1M PSP to Bancor POL
6.55M 92.3%
Against
329.55K 4.6%
Abstain
220.15K 3.1%
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Timeline

Mar 20, 2022Proposal created
Mar 20, 2022Proposal vote started
Mar 25, 2022Proposal vote ended
Mar 15, 2024Proposal updated