diff --git a/inbox/archive/2024-12-04-futardio-proposal-launch-a-boost-for-usdc-ore.md b/inbox/archive/2024-12-04-futardio-proposal-launch-a-boost-for-usdc-ore.md new file mode 100644 index 00000000..e66d6554 --- /dev/null +++ b/inbox/archive/2024-12-04-futardio-proposal-launch-a-boost-for-usdc-ore.md @@ -0,0 +1,59 @@ +--- +type: source +title: "Futardio: Launch a boost for USDC-ORE?" +author: "futard.io" +url: "https://www.futard.io/proposal/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N" +date: 2024-12-04 +domain: internet-finance +format: data +status: unprocessed +tags: [futardio, metadao, futarchy, solana, governance] +event_type: proposal +--- + +## Proposal Details +- Project: ORE +- Proposal: Launch a boost for USDC-ORE? +- Status: Passed +- Created: 2024-12-04 +- URL: https://www.futard.io/proposal/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N +- Description: Should ORE launch a boost for USDC-ORE liquidity? +- Categories: {'category': 'Dao'} +- Discussion: https://discord.gg/Yft6W4zmeR + +## Summary + +### 🎯 Key Points +The proposal aims to launch a USDC-ORE liquidity incentive to enhance liquidity for ORE and establish a USDC-ORE vault on Kamino with a boost multiplier similar to ORE-SOL. + +### 📊 Impact Analysis +#### 👥 Stakeholder Impact +This initiative will likely benefit liquidity providers and ORE holders by improving trading conditions and market depth for ORE. + +#### 📈 Upside Potential +Increasing liquidity through the USDC-ORE pair could attract more users and investors to the ORE ecosystem, enhancing its market presence. + +#### 📉 Risk Factors +The proposal may expose ORE to market volatility associated with USDC, which could impact the stability of the liquidity provided. + +## Content + +## Summary +Should ORE launch a boost incentive for USDC-ORE liquidity? + +## Overview +Our mission with ORE is to create the best digital gold product in crypto. To accomplish this, we need to drive deep liquidity for ORE across a variety of assets in Solana defi. + +USDC is a stablecoin, pegged to the US dollar, and fully-backed by dollars and treasuries held in US banks by Circle. It is one of the lynchpin assets connecting Solana to the traditional financial system. It therefore represents a strategically important market for ORE to target with liquidity incentives. + +With the passing of this proposal, we would launch a USDC-ORE vault on Kamino and set it up with the same boost multiplier as the ORE-SOL Kamino liquidity pair. + +## Raw Data + +- Proposal account: `GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N` +- Proposal number: 3 +- DAO account: `7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D` +- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2` +- Autocrat version: 0.3 +- Completed: 2024-12-07 +- Ended: 2024-12-07