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TimelessTimelessby0x34c9c2E48F43DacE5192002c0d1C3C40EdF463Bd0x34c9…63Bd

TRC 28: Experiment with bribing 5 ETH (up to 4 times) for veBAL votes on Hidden Hand to determine profitability

Voting ended almost 3 years agoSucceeded

https://gov.timelessfi.com/discussion/10582-trc-28-experiment-with-a-1-time-bribe-for-vebal-votes-on-hidden-hand-to-determine-profitability

https://discord.com/channels/986277978776420413/1089970452748849173

As per these discussions, we want to determine whether bribing the Balancer gauge is a good use of treasury funds to return value to veLIT holders.

This proposed plan is to use 5 ETH on Hidden Hand to attract votes and direct BAL emissions towards the veLIT gauge. Because there are fluctuations from week to week, we would like to repeat this for up to 4 rounds (a total of 20 ETH), only proceeding on subsequent rounds if the ROI is positive.

After this, the data will be gathered and further discussion can commence on whether the DAO desires any longer term policy.

Off-Chain Vote

Approve
1.13M veLIT100%
Deny
0 veLIT0%
Quorum:125%
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Timeline

Apr 02, 2023Proposal created
Apr 02, 2023Proposal vote started
Apr 05, 2023Proposal vote ended
Oct 26, 2023Proposal updated