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Jarvis NetworkJarvis Networkby0x476e23bFc5415397021a74e525640b328A12b81epscltllrd.lens

p56 Dystopia: joining Penrose

Voting ended almost 4 years agoSucceeded

Dystopia is a DEX that distributes rewards to the pools veDYST holders vote for, similar to Curve.

Differences with Curve:

  • veDYST is an NFT
  • we received 1 veDYST
  • you collect the fees from the pool you voted for, so you are incentivized to vote for the most active pool

A project called Penrose https://twitter.com/PenroseDeFi reached out to us to form an alliance with other projects. The idea is to lock our veDYST into Penrose and other projects to have more considerable voting power and better protection against downvoting (voters can vote for or against a pool).

When locking veDYST within Penrose, the veDYST are locked forever; in exchange we receive penDYST. penDYST is used for voting but may be illiquid.

If we join Penrose we will receive:

  1. a 10% share of the DYST earned by Penrose as an LP
  2. PEN liquidity mining from their token emission
  3. trading fees and bribes for the pool Penrose votes for

If we do not join Penrose we will receive:

  1. trading fees and bribes from the pools we vote for

Should we join Penrose or stay alone?

Off-Chain Vote

Yes
7.98M JRT100%
No
0 JRT0%
Download mobile app to vote

Discussion

Jarvis Networkp56 Dystopia: joining Penrose

Timeline

May 15, 2022Proposal created
May 15, 2022Proposal vote started
May 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated