m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
59 lines
2.4 KiB
Markdown
59 lines
2.4 KiB
Markdown
---
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type: source
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title: "Futardio: Launch a boost for USDC-ORE?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N"
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date: 2024-12-04
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: ORE
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- Proposal: Launch a boost for USDC-ORE?
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- Status: Passed
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- Created: 2024-12-04
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- URL: https://www.futard.io/proposal/GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N
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- Description: Should ORE launch a boost for USDC-ORE liquidity?
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- Categories: {'category': 'Dao'}
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- Discussion: https://discord.gg/Yft6W4zmeR
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## Summary
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### 🎯 Key Points
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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.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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This initiative will likely benefit liquidity providers and ORE holders by improving trading conditions and market depth for ORE.
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#### 📈 Upside Potential
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Increasing liquidity through the USDC-ORE pair could attract more users and investors to the ORE ecosystem, enhancing its market presence.
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#### 📉 Risk Factors
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The proposal may expose ORE to market volatility associated with USDC, which could impact the stability of the liquidity provided.
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## Content
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## Summary
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Should ORE launch a boost incentive for USDC-ORE liquidity?
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## Overview
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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.
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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.
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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.
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## Raw Data
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- Proposal account: `GBQZvZAeW8xUuVV5a9FJHSyttzY5fPGuvkwLTpWLbw6N`
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- Proposal number: 3
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- DAO account: `7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D`
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- Proposer: `proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2`
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- Autocrat version: 0.3
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- Completed: 2024-12-07
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- Ended: 2024-12-07
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