QIP038: Incentivize MAI and QI liquidity on Avalanche
This proposal is to decide on whether to incentivize MAI and QI liquidity on Avalanche with Qi tokens.
In order to continue growing on Avalanche while maintaining MAI’s peg, the protocol needs liquidity pools holding MAI.
Proposed LPs
-
20,000 QI / week for MAI-3CRV on Curve
-
10,000 QI / week for QI-AVAX on Trader Joe
A 0.5% deposit fee will be charged for staking these LPs, as is customary with other QiDao liquidity mining.
Motivation
- Support a larger TVL and new collaterals on Avalanche
- Improve levering experience
- Support MAI’s peg on Avalanche
- Introduce new audiences to QiDao
Quorum Standards
The option with the most vote will be adopted
Options
- Incentivize new LPs
- Further discussion needed
Off-Chain Vote
Incentivize new LPs
1.42M 98.5%
Further discussion needed
21.43K 1.5%
Timeline
Nov 16, 2021Proposal created
Nov 16, 2021Proposal vote started
Nov 20, 2021Proposal vote ended
May 15, 2024Proposal updated