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xDai Chain (Gnosis Chain)xDai Chain (Gnosis Chain)by0x74f72193E880cD5E903CB3cfD2d282fC5F214b28monstrosity.eth

Add STAKE incentives (matched) to Agave on xDai?

Voting ended over 4 years agoSucceeded

This is a follow-up signaling voting, any comments can be posted here: https://forum.poa.network/t/proposal-to-match-stake-incentives-for-agave-on-xdai/7778

Agave is a decentralized, non-custodial, money market and borrowing-lending protocol on xDai network requesting $500k worth of STAKE from the Ecosystem Fund (https://www.xdaichain.com/about-xdai/roadmap/ecosystem-fund-roadmap)

KPI metrics are being developed by OMEN to payout (as stated in forum post) most of the incentives will be to lenders and a much smaller percentage to the borrowers. The KPI metrics that will be leveraged are Agave protocol TVL and $STAKE market cap. Also as stated, the first month will distribute at 100% rate for bootstrapping, KPI metrics will begin executing after the 30 day bootstrapping period.

Request is to send $500k (40,000 stake ~$12.5ea) to agave agent 0xA377585abED3E943e58174b55558A2482894ce20 any unused Stake will be sent back to the stake ecosystem fund at end of each period.

Off-Chain Vote

Yes
221.03K 100%
No
43.03 0%
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Timeline

Sep 26, 2021Proposal created
Sep 26, 2021Proposal vote started
Sep 30, 2021Proposal vote ended
Mar 06, 2024Proposal updated