Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
2.2 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | ORE: Launch a boost for USDC-ORE? | internet-finance | passed | ore | futardio | proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 | https://v1.metadao.fi/ore/trade/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N | 2024-12-04 | 2024-12-07 | mechanism | Launch USDC-ORE liquidity boost via Kamino vault at same multiplier as ORE-SOL, positioning USDC as strategic liquidity pair | rio | 2026-03-24 |
ORE: Launch a boost for USDC-ORE?
Summary
ORE approved launching a USDC-ORE liquidity boost incentive, creating a Kamino vault with the same boost multiplier as the ORE-SOL pair. The proposal positions USDC as a strategically important market for ORE's liquidity network, connecting ORE to the traditional financial system through Circle's dollar-backed stablecoin.
Market Data
- Outcome: Passed
- Proposal Account: GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N
- Proposal Number: 3
- DAO Account: 7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D
- Duration: 2024-12-04 to 2024-12-07
Significance
Third ORE futarchy proposal, expanding the liquidity network from crypto-native pairs (SOL, ISC, HNT) to stablecoins. Positions ORE as a bridge between DeFi and traditional finance on Solana.
Relationship to KB
Full Proposal Text
Source: futard.io, tabled 2024-12-04
Should ORE launch a boost incentive for USDC-ORE liquidity?
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.