Should we implement SDIP#9?

Voting ended about 4 years agoSucceeded

Overview

Use part of our performance fees and of inflation to fund liquidity. Further details: https://gov.stakedao.org/t/use-part-of-our-performance-fees-and-of-inflation-to-fund-liquidity/510

Specification

This proposal suggests bringing the SDT emissions dedicated to Olympus pro to 25k SDT per week (from 50k currently), and redirecting inflation to pair the other 25k SDT per week with revenues from performance fees, and pool it in the Sushi LP and Cometh LP. This could run until the total liquidity of the DAO reaches $20m. At this rate, the DAO would acquire $200k of liquidity every month, which is equivalent to the current Olympus Pro rate. The two programs combined should enable reaching a good share of the liquidity reasonably quickly.

There are 4 different options for implementation:

1. Launch liquidity program & bootstrap with 100k worth of SDT paired with ETH to provide liquidity of SushiSwap.
1. Launch liquidity program without bootstrapping.
1. Amend the liquidity program and resubmit the proposal.
1. Don't launch a liquidity program and don't resubmit.

Off-Chain Vote

1. Liquidity + Bootstrapping

80.61K 99.5%

2. Liquidity only

328.65 0.4%

3. Amend and resubmit

0 0%

4. Don't launch program

68.33 0.1%

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Timeline

Dec 16, 2021Proposal created

Dec 16, 2021Proposal vote started

Dec 21, 2021Proposal vote ended

Oct 26, 2023Proposal updated