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Tetu.ioTetu.ioby0xA966e4E25d3baE14a9a34E63Ee4E5a0d179AB39f0xA966…B39f

TIP-012 - Migrate POL to Balancer 80Tetu/20USDC Pool

Voting ended over 3 years agoSucceeded

The Proposal is to move Protocol Owend Liquidity to balancer 80/20 Pool to support better swapping experience for tetu user and less price impact . Currently the POL ownership is 63.91% of the total LP and contains 86,106 USDC and 5,51,1193 TETU .

To adjust to the 80TETU/20USDC pool , 17M additional tetu would be required to enter the pool which will be funded from the undistributed rewards dedicated to the polygon chain https://polygonscan.com/address/0x5Cc44D1787aFB510F563Fe55Fd082D3d4d720671 . This is needed due to the nature of the 80/20 Pools where weight of the pool is more towards TETU token. This will also increase the supply of Tetu in the market by 17M

A Gauge proposal is also due to go live soon for the Tetu/USDC pool . Upon approval, the pool will be eligible for BAL emmisions. Any BAL emmisions for that pool will be farmed by the POL and used to mint tetuBAL to secure more voting power

Off-Chain Vote

Yes
64.53M dxTETU99.7%
No
194.8K dxTETU0.3%
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Timeline

Nov 25, 2022Proposal created
Nov 25, 2022Proposal vote started
Nov 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated