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TimelessTimelessby0x9E8784794cd73B52886cBB1A3538A4594A6c9e8d0x9E87…9e8d

TRC - 55 Enable GRAI/USDC gauge on Ethereum [5bps]

Voting ended almost 3 years agoSucceeded

This TRC suggests enabling LIT incentives on the GRAI/USDC [5bps] gauge.

Motivation Deep liquidity for GRAI helps both to stabilize the price and facilitate borrowers. GRAI price will be further stabilized in the future with a redemption mechanism similar to Liquity. However, the system functions much better if the redemption mechanism is rarely used. Sourcing liquidity between GRAI and stablecoins like USDC is the primary bottleneck to the growth of Gravita and will be where the majority of resources go for the foreseeable future. That will start with protocol revenues, then governance tokens when the token launches.

See more here https://gov.timelessfi.com/discussion/11590-trc-55-enable-graiusdc-gauge-on-ethereum-5bps

Off-Chain Vote

For
1.24M veLIT100%
Against
0 veLIT0%
Quorum:100%
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Discussion

TimelessTRC - 55 Enable GRAI/USDC gauge on Ethereum [5bps]

Timeline

Jun 10, 2023Proposal created
Jun 10, 2023Proposal vote started
Jun 13, 2023Proposal vote ended
Oct 26, 2023Proposal updated