QIP048: Engage in Bribing for Curve Rewards

This proposal is to engage in bribing for Curve rewards on Polygon and Fantom.

Motivation

*Curve pools are liquidity pools specifically designed for equally-valued tokens. As a result, they aid in stabilizing stablecoin pegs.

• MAI needs more liquidity on these chains in order to accommodate growing demand for lending on QiDao
• Every $1 of bribing results in more than $1 worth of rewards, so this would be much more efficient than incentivizing liquidity directly with Qi.
• The Polygon team was expressed that they would bribe Curve voters as well with us if this proposal is approved.

Proposal

• Seed MAI-am3Crv Curve pool with $1M from treasury (half on Polygon and half on Fantom).
• Stock up treasury to at least 2500 CRV
• Reach out to Curve community (Forum + Discord)
• Lock CRV for 4 years, create DAO proposal for Curve gauge
• Bribe voters with airdrops on Polygon
• Bribe with airdrops of 100k Qi per week for an LP on Fantom and 100k Qi per week for an LP on Polygon

Quorum Standards

The option with the most votes will be adopted.

Options

• Approve proposal
• Further discussion needed

h/t to Orthen for their help with this proposal.