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YamYamby0x65f4424CEa0593c53Fe4E34d55455238BD058a6chebbianloop.eth

YIP : Farms on Mooniswap

Voting ended over 5 years agoSucceeded

I propose that the version 3 farms include Mooniswap liquidity pools.

My reasoning for this is three-fold:

1] Mooniswap promises 50-200% greater returns for liquidity providers compared to uniswap.

2] Mooniswap protects liquidity providers from arbitrage and front-running attacks. We saw this during the V1 Yam speculative bubble.

3] Providing liquidity on Mooniswap will allow the community to farm 1" governance tokens and expand the influence of yam governance to other components of the DeFi market.

https://medium.com/@1inch.exchange/1inch-revolutionizes-automated-market-maker-amm-segment-with-mooniswap-e068c20d94c

As an addendum - if this proposal passes, I suggest that we engage with the 1" team to determine how their vision may or may not be commensurate with the Yam community and whether we can receive special incentives, such as a greater share of the 1" governance token. It may be the case that 1" is afraid of failed governance but if Yam proves to be an effective governing body we may be seen as a vested interest/custodian in the success of mooniswap and related services.

Off-Chain Vote

Yes, V3 should have mooniswap pools
10.72 100%
No, V3 should NOT have mooniswap pools
0 0%
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Timeline

Aug 25, 2020Proposal created
Aug 25, 2020Proposal vote started
Sep 02, 2020Proposal vote ended
Feb 16, 2024Proposal updated