m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
2.4 KiB
| type | title | author | url | date | domain | format | status | tags | event_type | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| source | Futardio: Launch a boost for USDC-ORE? | futard.io | https://www.futard.io/proposal/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N | 2024-12-04 | internet-finance | data | unprocessed |
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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