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Swivel DAOSwivel DAOby0x3f60008Dfd0EfC03F476D9B489D6C5B13B3eBF2Ctraversa.eth

SIP (#007): Compound Stablecoin Market Launch

Voting ended over 3 years agoSucceeded

In context of our upcoming June 24th USDC Compound market maturity, we have known the community is looking for a dynamic and interesting way to deploy their stablecoins for a reasonable yield.

With Swivel v3 around the corner, we are in the need of a more temporary market deployment, and are proposing the creation of a short-term (3-6 month) stablecoin market on the Compound protocol.

The primary consideration is then the stablecoin of choice for our next deployment.

Off-Chain Vote

DAI
138.42K SWIV50.2%
FEI
11.09K SWIV4%
USDC
126.06K SWIV45.7%
USDT
0 SWIV0%
Quorum:138%
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Discussion

Swivel DAOSIP (#007): Compound Stablecoin Market Launch

Timeline

Jun 16, 2022Proposal created
Jun 16, 2022Proposal vote started
Jun 18, 2022Proposal vote ended
Sep 13, 2024Proposal updated