Summary

Discourse link: here

Link to EOI: here

The next phase of Tokemak is now live. TOKE stakers can now vote to direct liquidity into specific reactors. This phase is intended to familiarise stakers with voting, as well as balance yield APRs in advance before providing liquidity.

Read more about it here: TOKE Stakers: LD Reactor Voting Now Live (Pre-Liquidity Deployment) | by Tokemak | Tokemak | Nov, 2021 | Medium

TOKE stakers now must vote on specific reactors in order to earn any APR in addition to direct Tokemak liquidity for market making.

As per the previous proposal: Proposal #26: Ignite the TCR Reactor in Tokemak, TOKE tokens were swapped with TCR by Tracer DAO in order for the TCR Tokemak reactor to be 'ignited'.

There is ~27k TOKE in Tracer DAO’s treasury which was recently staked and used to vote on Tokemak's C.o.R.E.2 event to vote for other reactors in addition to receiving %APR rewards for staking TOKE (Proposal #29: Tokemak Reactor Vote Round 2).

This proposal, if successful will action to stake Tracer DAO's TOKE holdings into Tokemak to then direct votes toward the TCR reactor to bootstrap TCR liquidity and earn TOKE yields. Additionally, it aims to allow any TOKE token earned from staking rewards to be additionally used to vote on directing further liquidity into the TCR reactor.

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Deliverables

If this proposal is successful, it will provide the following deliverables:

1. Stake Tracer DAO's total TOKE holdings into Tokemak to then vote on directing Tokemak liquidity to the TCR reactor for bootstrapping TCR liquidity.
2. Claim and stake further TOKE tokens received from staking rewards toward voting on directing Tokemak liquidity to the TCR reactor.

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Variation and Termination

1. If this proposal is successful, it can be varied or terminated by future proposals.
2. TOKE tokens staked in Tokemak may be returned to Tracer DAO via future proposal. In the case of a smart contract hack/emergency ‘black swan’ event, veto power is given to the Mycelium team to effectively protect Tracer DAO by returning TOKE tokens back to Tracer DAO.
3. Additional TOKE tokens received from staking rewards may be claimed and staked to vote for liquidity directed toward the TCR reactor under the Mycelium team's discretion (depending on gas costs, opportunity cost and any other thing Mycelium deems relevant).

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Conflicts of Interest

In the context of the Tracer project, conflicts of interest include:

1. Existing Service Providers who are Related Parties; and
2. Existing (vested and unvested) holdings of TCR tokens.

The following conflicts of interest are declared:

1. No conflicts of interest to declare.

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Interpretation

Unless otherwise defined in this offer, all terms beginning with a capital letter which are defined in the Participation Agreement have the same meaning unless the context otherwise requires.

If this offer is accepted as a proposal under the Participation Agreement, others may more formally document aspects of this proposal.

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Copyright Waiver

Copyright and related rights to this Proposal are waived pursuant to CC0.