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Jarvis NetworkJarvis Networkby0x93d057Ea3AAfc367E68C9ba9373e1c23adE0f2Ad0x93d0…f2Ad

p23 - Use JRT instead of USDC to trade AUR for the next farming program

Voting ended over 4 years agoSucceeded

This proposal (imaginated by our legionnary zvex) is about to replace USDC by JRT to trade the AUR (AUR-JRT pool instead of AUR-USDC). Currently zvex don't want to go forward with this proposal anymore but me (newbieone) think it still could be a good idea.

I feel that the aur liquidity staking process could be reevaluated to make better use of it.

Since there is some divergeance, I invite you can follow the discussion on the discord and the forum to see/debate the PRO and CONS.

After studying and some discutions, I will expose my opinion if this proposal is accepted :

  1. Buying pressure when speculate on AUR
  2. Ponzi effect at the begining (insane APY which should motivate people to buy JRT to participate in the AUR pool then JRT price go up which pull the AUR price up)
  3. Increased awareness of the Jarvis ecosystem. JRT will be used as a vehicule to enter/leave the AUR pool.
  4. More volume for JRT (even if people see AUR then sell the JRT it will be neutral cause the JRT was already buy before)
  5. Add a little utility for the JRT. A bigger participation with JRT holder who don't want to sell their JRT (it's a kind of staking)

Off-Chain Vote

YES
7.44M 42.2%
NO
10.18M 57.8%
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Timeline

Nov 22, 2021Proposal created
Nov 24, 2021Proposal vote started
Nov 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated