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The Standard DAOThe Standard DAOby0xa3F221847A613586CAB236bFFC09774D6dd964830xa3F2…6483

Proposal to Add GMX and gm(ARB, ETH, BTC) Tokens as Collateral

Voting ended about 2 years agoFailed

Summary: This proposal recommends adding GMX and gm(ARB, ETH, BTC) tokens as collateral options for our smart vault. This decision is based on the high liquidity of these tokens on Arbitrum and the potential for strong marketing and reach after implementation.

Reason

  1. High Liquidity on Arbitrum: Both GMX and gm(ARB, ETH, BTC) tokens boast significant liquidity on Arbitrum, ensuring efficient deposits and withdrawals for users. This translates to a smooth experience and potentially attracts more users to the platform.
  2. Marketing and Reach: Utilizing GMX and gm(ARB, ETH, BTC) tokens leverages their established communities and marketing efforts, potentially reaching a wider audience and boosting awareness of TheStandard.io. This can lead to increased adoption and growth for the platform.

Voting Options:

For: Approve adding GMX and gm(ARB, ETH, BTC) tokens as collateral options. Against: Do not approve adding GMX and gm(ARB, ETH, BTC) tokens as collateral options. Abstain: I don't have a strong opinion on this proposal.

Off-Chain Vote

For
1.33M TST99.3%
Against
0 TST0%
Abstain
9.27K TST0.7%
Quorum:13%
Download mobile app to vote

Discussion

The Standard DAOProposal to Add GMX and gm(ARB, ETH, BTC) Tokens as Collateral

Timeline

Feb 23, 2024Proposal created
Feb 23, 2024Proposal vote started
Mar 01, 2024Proposal vote ended
Mar 01, 2024Proposal updated