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TimelessTimelessby0x9E8784794cd73B52886cBB1A3538A4594A6c9e8d0x9E87…9e8d

TRC-84: Approve Gauge for TBYMarch24(a)-USDC + Future TBY Maturities - Bloom Protocol

Voting ended over 2 years agoSucceeded

Motivation

TBYs make T Bill yields permissionless, but it comes at a cost: you lose 1% yield in the process. That means that currently, TBYs pay about 4.5%. This is already the best and safest composable/non-KYC yield in DeFi currently available. However, the product goal is to start bringing dollars back from TradFi rails onto DeFi rails for the good of the whole space. Thus, a layer of rewards would help to beat the "risk free rate" in tradfi while only introducing a bit of additional smart contract risk, with little to no added economic risk. A very attractive offering for investors.

Off-Chain Vote

For
1.59M veLIT100%
Against
0 veLIT0%
Quorum:108%
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Discussion

TimelessTRC-84: Approve Gauge for TBYMarch24(a)-USDC + Future TBY Maturities - Bloom Protocol

Timeline

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