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Polly FinancePolly Financeby0x18d5D444467Fa53a78e72cB98375F57efDAfF0F10x18d5…F0F1

[PIP-3] Restructuring nDEFI and other Soft Synth changes

Voting ended about 4 years agoSucceeded

This proposal aims to improve the functionality and composability of nests on Polly Finance.

You can find the full details of the proposal here: https://gov.bao.finance/t/pip-3-restructuring-ndefi-and-other-soft-synth-changes/1039

A summary of the changes that will be implemented, if approved, are:

  • Significantly simplify nDEFI to only include tokens with good liquidity on Polygon and have a chainlink feed already

  • Take out the infrastructure components from nDEFI and create a separate nINFRA nest.

-Introduce new nest nPOLY, a polygon ecosystem nest.

-Create new nINFRA/ETH, nINFRA, nPOLY/ETH and nPOLY farms

-End all nDEFI underlying asset farms

-Clarify that multisig can change yield strategies on underlying tokens to any previously approved options for all nests.

-After the proposed nests, focus for soft synths on Polygon will shift towards opening up the platform to allow anyone to create nests with plug in rebalancing and yield strategies instead of creating them ourselves

Off-Chain Vote

Approve PIP-3
135.46M 100%
Deny PIP-3
0 0%
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Timeline

Feb 03, 2022Proposal created
Feb 03, 2022Proposal vote started
Feb 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated