QIP062: Seed BiSwap LP with $200k to Start Farm
BiSwap will start a farm for MAI-BUSD on BSC on February 3. This is in parallel to QiDao launching a market for their assets.
In order for the farm to be started, the DAO needs to seed $200k in liquidity. We proposal to use DAO funds to seed the minimum amount.
Motivation
- Kickstart our MAI pool on BSC to expand MAI lending
- Increase revenue by building borrow demand for MAI
- Grow TVL on BSC
Quorum Standards
The option with the most votes will be adopted.
Options
- Seed BiSwap MAI pool
- Further discussions needed
Off-Chain Vote
Seed BiSwap MAI pool
9.01M 99.7%
Further discussions needed
28.87K 0.3%
Timeline
Jan 29, 2022Proposal created
Jan 29, 2022Proposal vote started
Feb 01, 2022Proposal vote ended
May 15, 2024Proposal updated