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SharedStakeSharedStakeby0xa1feaF41d843d53d0F6bEd86a8cF592cE21C409esharedstake.eth

SIP-5: Partnerships - Sushi

Voting ended almost 5 years agoSucceeded

We want to partner with sushi swap to create 2 new pools of liquidity for:

  1. ETH-SGT
  2. vETH2-SGT

They will add us to their onsen program.

Pros:

  • Dual incentives in $SGT & $Sushi so more rewards!
  • Potentially increase available liquidity for both vETH2 & SGT
  • Marketing exposure from being listed on Sushiswap
  • Attract Sushiswap only users
  • Creates new arbitrage opportunities potentially increasing trade volume and rewards for old and new LPs
  • Lido and other competitors are already listed on Sushi

Cons:

  • Someone's going to have to fill out this form ;) : https://docs.google.com/forms/d/e/1FAIpQLScdc7iovZ5TMOstRHQCfXbj2WwscRBiF8kHRgsrmbN26QE0kw/viewform
  • May dilute rewards for UNI LPs as we will also start rewarding Sushi LPs
  • May split liquidity between 2 protocols
  • Someone's going to have to provide the initial LP on Sushiswap

Options:

  1. Fuck yea! IDC how but get 'er done
  2. Yes! Provide initial liquidity of $10k from the treasury thus providing a rug (LP tokens can be time-locked to make rugpulls impossible). This requires a sale of $10k of SGT from the treasury to create the other side of the LP.
  3. Yes! Provide initial liquidity from users only. (Please volunteer for this position anonymously by going ahead and doing it)
  4. Yes! User + Treasury should provide initial liquidity.
  5. No. Let's not do this due to the cons.

Off-Chain Vote

1. Yes please & IDC about deets
19.59K 27.5%
2. Yes. LP from treasury
9.13K 12.8%
3. Yes. LP from users
2.22K 3.1%
4. Yes. LP from users + treasury
35.44K 49.8%
5. No. Let's not do this
4.83K 6.8%
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Timeline

Mar 12, 2021Proposal created
Mar 12, 2021Proposal vote started
Mar 17, 2021Proposal vote ended
Oct 26, 2023Proposal updated