RIP 41: pxGLP Chronos Partnership
Chronos and Redacted will collaborate on the creation of various pools involving pxGLP.
Redacted will seed the initial liquidity of a pxGLP/ETH pool on Chronos, and Chronos will enable gauge voting and emissions towards this pool. Chronos will provide Redacted with an initial locked veCHR voting NFT position to kickstart the liquidity incentive flywheel, and Redacted will allocate budget for bribing for the initial launch period.
With their protocol veCHR NFT, Redacted will be able to vote for their own pools and benefit from “bribe recycling”, incentivizing their pool liquidity efficiently.
Off-Chain Vote
Yes, Execute Partnership
6.1K (rl)BTRFLY100%
No, Do Nothing
1.02 (rl)BTRFLY0%
Discussion
Timeline
Apr 19, 2023Proposal created
Apr 19, 2023Proposal vote started
Apr 21, 2023Proposal vote ended
Oct 26, 2023Proposal updated