Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | ORE: Launch a boost for HNT-ORE? | internet-finance | passed | ore | futardio | https://v1.metadao.fi/ore/trade/2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A | 2024-11-25 | 2024-11-28 | strategy | Proposal to launch liquidity boost for HNT-ORE pair and formalize three-tier boost multiplier system | rio | 2026-03-11 |
ORE: Launch a boost for HNT-ORE?
Summary
Proposal to integrate Helium Network Token (HNT) into ORE's liquidity network by launching a boost for the HNT-ORE pair and formalizing a three-tier boost multiplier system. The proposal positions ORE as a liquidity hub for real-world assets on Solana, with HNT as a flagship DePIN integration following Helium's HIP-138 tokenomics consolidation.
Market Data
- Outcome: Passed
- Proposal Account: 2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A
- Proposal Number: 1
- DAO Account: EttCec7x4r227dbQ8BYUVtqizDdD6T3WQHGHWKdzJrCc
- Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
- Autocrat Version: 0.3
- Created: 2024-11-25
- Completed: 2024-11-28
Proposal Details
The proposal introduces HNT-ORE boost at the same multiplier as ISC-ORE (Tier 3) and formalizes a three-tier boost system:
- Tier 1: Vanilla ORE stake
- Tier 2: Critical liquidity pairs (SOL-ORE, USDC-ORE)
- Tier 3: Extended liquidity pairs (ISC-ORE, HNT-ORE, future additions)
Boosts apply to kTokens representing Kamino vault shares managing concentrated liquidity positions on Orca. Future proposals can adjust multipliers by tier rather than individual pairs.
Significance
This proposal demonstrates futarchy pricing strategic partnerships and network positioning. The market validated ORE's narrative of becoming "the central hub" for real-world asset liquidity on Solana by approving integration with Helium, a flagship DePIN project. The three-tier system represents governance simplification through abstraction — future proposals can target tiers rather than individual pairs, reducing complexity while maintaining control.
Relationship to KB
- ore — parent entity
- MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window — governance mechanism
- futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs — strategic evaluation through conditional markets
Full Proposal Text
Source: futard.io, tabled 2024-11-25
Should ORE launch a boost for HNT-ORE liquidity?
Our primary strategic goal for ORE defi is to build up a deep liquidity network consisting of all real world assets on Solana. As the central hub of this network, ORE would reduce costs and minimize slippage for traders by increasing the depth and diversity of liquidity in the network. By focusing exclusively on real world assets such as tokenized commodities and DePIN credits, ORE would uniquely position itself as a competitive unit of account for assets representing real world value in the Solana defi ecosystem.
As a revolutionary new wireless networking protocol, Helium is one of the flagship DePIN projects on Solana and all of crypto. HNT (Helium Network Token) is the primary reward and governance token of the Helium network. With the passing of HIP-138, Helium is consolidating its network tokenomics around the HNT token, making it an ideal candidate for the next token in the ORE liquidity network.
With the passing of this proposal, we would introduce a new boost with the same multiplier value as the ORE-ISC liquidity pair. We would additionally commit to formalizing a 3-tier system for boosts multipliers:
- Tier 1: Vanilla ORE stake
- Tier 2: Critical liquidity pairs (SOL-ORE, USDC-ORE)
- Tier 3: Extended liquidity pairs (ISC-ORE, HNT-ORE, and others) Future proposals to change boost multipliers would apply to a tier as a whole.