To reward long-term holders of trism and also to provide additional liquidity pool options short-term I'm suggesting we allocate 10,000 trism from 'Trism: Fund and Asset wallet' to a farm at: https://valueliquid.io/#/faas/ starting on 22nd January and lasting approximately 2 months. This platform allows users to withdraw yield without withdrawing their liquidity. It also does not require tokens are added into a liquidity pairing reducing costs.
This is a short-term proposal whilst awaiting a longer-term farm yield solution for 'top-up' and 'open ended' farming at unicrypt (due to be available end Feb-ish). The idea being that by the time this pool finishes, we should have an open ended pool based on Uniswap LP's that can be topped up.
My view is that a significant price correction event (drop) for BTC and ETH is coming and trism will benefit by having a USDC stable pair which rewards people who add liquidity.
Based on estimated calculations the pool reward (when asset allocation is 50:50) is as follows: $0.07 Trism price, $10,000 liquidity - 43% APY (pro-rata for the 2 month duration) $0.14 Trism price, $10,000 liquidity - 86% APY (pro-rata for the 2 month duration)
In order to protect trism value and encourage USDC stability/USDC price growth, I'm proposing a range of pool ratio scaling options (USDC vs trism) for vote as well as an option not to use proceeds in the farm.
By having a larger proportion of USDC required e.g. 80% USDC: 20% Trism the price will be more stable/encourage competition, but also potentially encourage growth from people outside of trism as the IL loss potential is low.
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Off-Chain Vote
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- Author
0xff83…ed41
- IPFS#QmcwUtyT
- Voting Systemsingle-choice
- Start DateJan 09, 2021
- End DateJan 12, 2021
- Total Votes Cast205.29K
- Total Voters12
Timeline
- Jan 08, 2021Proposal created
- Jan 09, 2021Proposal vote started
- Jan 12, 2021Proposal vote ended
- Oct 26, 2023Proposal updated