m3taversal
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Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
3.9 KiB
| type | title | author | url | date | domain | format | status | tags | event_type | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| source | Futardio: Launch a boost for HNT-ORE? | futard.io | https://www.futard.io/proposal/2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A | 2024-11-25 | internet-finance | data | unprocessed |
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proposal |
Proposal Details
- Project: ORE
- Proposal: Launch a boost for HNT-ORE?
- Status: Passed
- Created: 2024-11-25
- URL: https://www.futard.io/proposal/2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A
- Description: 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.
- Categories: {'category': 'Governance'}
- Discussion: https://discord.gg/gyAUajbZ6f
Summary
🎯 Key Points
The proposal aims to launch a liquidity boost for the HNT-ORE pair to enhance liquidity in the ORE network, establish a 3-tier boost multiplier system, and position ORE as a competitive unit in the Solana DeFi ecosystem.
📊 Impact Analysis
👥 Stakeholder Impact
This initiative would benefit liquidity providers and traders by increasing the depth and diversity of liquidity available in the ORE network.
📈 Upside Potential
By integrating HNT into the ORE liquidity network, the proposal could attract more users and increase trading volume, enhancing ORE's market position.
📉 Risk Factors
The reliance on HNT's performance and market acceptance poses a risk, as any decline in HNT's value or utility could adversely affect the liquidity and stability of the ORE network.
Content
Summary
Should ORE launch a boost for HNT-ORE liquidity?
Overview
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. It is used to reward hotspot operators who maintain network coverage, and spent by customers who connect devices and build IoT applications on 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. Specifically, the HNT-ORE boost would apply to kTokens representing shares in a Kamino vault managing a concentrated liquidity position on Orca. We would additionally commit to formalizing a 3-tier system for boosts multipliers. The first tier would apply to vanilla ORE stake. The second tier for critical liquidity pairs such as SOL-ORE and USDC-ORE. And a third tier for extended liquidity pairs such as ISC-ORE, HNT-ORE, and others. Future proposals to change boost multipliers would apply to a tier as a whole. This 3-tier system would simplify community proposals to manage boost multipliers in the future.
Raw Data
- Proposal account:
2QUxbiMkDtoKxY2u6kXuevfMsqKGtHNxMFYHVWbqRK1A - Proposal number: 1
- DAO account:
EttCec7x4r227dbQ8BYUVtqizDdD6T3WQHGHWKdzJrCc - Proposer:
proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 - Autocrat version: 0.3
- Completed: 2024-11-28
- Ended: 2024-11-28