SIP-014 FTM-Tomb LP Farming on Solidex

Background:

We have been preparing for the deployment of the FTM in Spartacus treasury for a while. We have always put the funds safety as first priority in the past. We are now ready to put our treasury FTM (~5M wFTM) to good use and earn returns for SPA holders.

We will use part of the earnings to buyback SPA tokens which will be burned and taken out of circulation.

Proposal:

Deploy 5M FTM into FTM-Tomb LP farming. The destination pool would be the new FTM-Tomb LP on Solidex (farm Solid and Sex tokens) which is currently earning 172% APR (110.7% Solid, 61.5% SEX) without boosting.

Details here: https://solidexfinance.com/#/pools Total TVL on Solidex is $2.3B as of writing.

This requires us to swap 50% FTM into Tomb to participate the FTM-Tomb LP farming. The FTM-Tomb pool on solidly.exchange has 170M liquidity and shall be sufficient enough for the swap.

The tomb team has also been incentivizing the pool and there is a high chance they will continue to do so in the near future: https://twitter.com/tombfinance/status/1497408113846145034

Vote with your sSPA and wsSPA balance.

Yay - Support the proposal. Nah - Against the proposal.