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SpiritSwapSpiritSwapby0xB3026878F7aea800039797e12fc198636085d31c0xB302…d31c

Prop #0008 Next round of ecosystem gauge additions.

Voting ended almost 4 years agoSucceeded

With the vote passed to bulk add our first round of ecosystem pools to gauges, we now have the opportunity to add several other protocols who have indicated interest in adding value to the SpiritSwap ecosystem.

Adding ecosystem pools to gauges has several advantages.

  1. We balance out the current voting weight across gauges
  2. Additional trading opportunities for SpiritSwap users
  3. Deepening liquidity for Fantom native projects
  4. More earning potential for inSPIRIT holders (via these new gauges being incentivized to bribe inSPIRIT holders)

As such, we are proposing the following pools be added to gauges in next week's batch update.

UST-FTM (US Dollar Terra) https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf

FTMx-FTM (Stader) To be added once live on FTM https://staderlabs-docs.s3.amazonaws.com/Stader_Litepaper.pdf

biFTM-FTM (BiFi Finance will have more on this in coming days, documents to follow) https://ftmscan.com/address/0x7381ed41f6de418dde5e84b55590422a57917886

HUN-FTM https://docs.hundred.finance/

ALPACA-FTM https://docs.alpacafinance.org/

GRO-FTM https://docs.growthdefi.com/

MOR-FTM https://docs.growthdefi.com/

RING-FTM https://www.onering.finance/whitepaper.pdf

SOLID-FTM (No documents available)

SEX-FTM https://docs.solidexfinance.com/

MIDAS-FTM https://blog.midas.investments/how-midas-investments-generate-yield-for-its-customers/

Should this vote pass, these pools will be added to the gauges, effective immediately.

Further to this proposal, we would also like to address a second issue - Reducing Protocol driven votes for new gauge additions to 3 days

Originally we wanted to ensure that all community driven proposals required a 7 day voting period. This was to enable the community enough time to discuss the nuances and intricacies of any community or protocol lead proposal.

This said, having this time buffer is limiting for when the DAO want to make snap additions to gauges for the benefit of inSPIRIT holders. As such, the DAO are seeking inSPIRIT holders approval to reduce the vote time from 7 days to 3 days for any proposals that encompass batch additions to gauges.

This will enable the DAO to push gauge updates quicker and allow for bribes to flow through to inSPIRIT holders at a faster pace.

Off-Chain Vote

For
28.78M 100%
Against
0 0%
Abstain
0 0%
Download mobile app to vote

Timeline

Feb 28, 2022Proposal created
Feb 28, 2022Proposal vote started
Mar 07, 2022Proposal vote ended
Oct 26, 2023Proposal updated