diff --git a/inbox/archive/2024-10-22-futardio-proposal-increase-ore-sol-lp-boost-multiplier-to-6x.md b/inbox/archive/2024-10-22-futardio-proposal-increase-ore-sol-lp-boost-multiplier-to-6x.md new file mode 100644 index 00000000..1ee50e02 --- /dev/null +++ b/inbox/archive/2024-10-22-futardio-proposal-increase-ore-sol-lp-boost-multiplier-to-6x.md @@ -0,0 +1,75 @@ +--- +type: source +title: "Futardio: Increase ORE-SOL LP boost multiplier to 6x" +author: "futard.io" +url: "https://www.futard.io/proposal/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC" +date: 2024-10-22 +domain: internet-finance +format: data +status: unprocessed +tags: [futardio, metadao, futarchy, solana, governance] +event_type: proposal +--- + +## Proposal Details +- Project: ORE +- Proposal: Increase ORE-SOL LP boost multiplier to 6x +- Status: Passed +- Created: 2024-10-22 +- URL: https://www.futard.io/proposal/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC +- Description: This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x). +- Categories: {'category': 'Dao'} + +## Summary + +### 🎯 Key Points +The proposal aims to increase the ORE-SOL LP boost multiplier from 4x to 6x to enhance liquidity, gather data on boost impacts, and explore the application of futarchy within the ORE community. + +### 📊 Impact Analysis +#### 👥 Stakeholder Impact +Liquidity providers may benefit from increased incentives, potentially leading to a more robust trading environment. + +#### 📈 Upside Potential +The higher multiplier could attract more liquidity, improving market depth and overall trading efficiency. + +#### 📉 Risk Factors +Increasing the multiplier may not adequately mitigate the risks faced by liquidity providers, potentially leading to reduced participation if market volatility persists. + +## Content + +## Summary + +This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x). + +## Overview + +Boosts are an ORE-native incentive mechanism for turning capital into “virtual hashpower”. They allow miners to stake select tokens and earn multipliers on their mining rewards. Currently, ORE supports boost multipliers for 3 different tokens: + +- ORE-SOL LP (4x) +- ORE-ISC LP (4x) +- ORE (2x) + +With the launch of boosts just over one week ago, ORE saw a significant rise in the total value of liquidity provided to the boosted trading pools. This proposal seeks to increase the multiplier for the ORE-SOL LP to further increase liquidity and better understand how boost multipliers affect the targeted markets. + +## Objectives + +1. Increase TVL in the ORE-SOL liquidity pool. + * Liquidity providers take on a lot of risk, especially for volatile trading pairs such as ORE and SOL. To increase liquidity in these markets, the incentives for liquidity providers have to counterbalance the risks. + * By increasing the ORE-SOL LP multiplier to 6x, we can offer greater incentives for ORE-SOL liquidity providers and potentially increase the overall market depth. +2. Gather data to understand how changes in boost multipliers affect the liquidity. + * Boosts are only 1 week old. The passing of this proposal would mark the first time any multiplier has been changed. + * By increasing the ORE-SOL LP multiplier to 6x, we can gather more data from the market and better understand how changes to boosts multipliers affect the overall ORE liquidity network. +3. Introduce futarchy to the ORE community. + * Futarchy has recently emerged as a novel governance mechanism for teams across crypto. It has potential applications for ORE ranging from small operational decisions to the management of critical systems such as the supply function. + * Futarchy is still a very nascent technology and before we can seriously consider integrating it into critical ORE systems, we need to understand it better. This proposal is intended to serve as a low-risk testrun for the ORE community to learn more about futarchy and how it works. + + +## Raw Data + +- Proposal account: `A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC` +- Proposal number: 1 +- DAO account: `7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D` +- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2` +- Autocrat version: 0.3 +- Completed: 2024-10-26 +- Ended: 2024-10-26