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Jarvis NetworkJarvis Networkby0x476e23bFc5415397021a74e525640b328A12b81epscltllrd.lens

p57 - 2brl bribing strategy

Voting ended almost 4 years agoSucceeded

I suggest to do not continue the yield farming program on BNB Chain for the 2brl pool, and replace it with a bribing strategy on Ellipsis by using DotDot.finance.

Ellipsis = Curve. Each pool has a gauge. EPX holders (Ellipsis' token) can lock them for receiving vlEPX, with which they can use to vote for one or multiple gauge. The more a gauge receive votes, the more the pool receives EPX.

On dotdot.finance, users can lock the platform's token, the DDD token, to receive vlDDD; vlDDD provides a voting power to vote on Ellipsis gauge, because vlDDD controls the EPX that users have locked in the DotDot platform.

  • 1 vlDDD = 229 vlEPX
  • 229 vlEPX = $0.38 and 1 vlDDD = $0.01.

$1 of vlDDD provides therefore ~38x more voting power than $1 of EPX.

Therefore, I suggest to:

  1. purchase $10k worth of DDD and lock them for vlDDD to vote on our 2brl pool on DotDot
  2. deposit $10k of bribes in jBRL or BUSD for the next 10 rounds of bribing.
  3. invest $20k in the 2brl pool to earn more DDD and EPX.

Total budget: $40k, including $20k in the 2brl pool.

We will use the USDC and BUSD that we have to finance this strategy.

Off-Chain Vote

YES
17.5M JRT100%
NO
0 JRT0%
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Discussion

Jarvis Networkp57 - 2brl bribing strategy

Timeline

May 26, 2022Proposal created
May 26, 2022Proposal vote started
May 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated