m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
75 lines
3.8 KiB
Markdown
75 lines
3.8 KiB
Markdown
---
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type: source
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title: "Futardio: Increase ORE-SOL LP boost multiplier to 6x"
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author: "futard.io"
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url: "https://www.futard.io/proposal/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC"
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date: 2024-10-22
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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: Increase ORE-SOL LP boost multiplier to 6x
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- Status: Passed
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- Created: 2024-10-22
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- URL: https://www.futard.io/proposal/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC
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- Description: This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x).
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- Categories: {'category': 'Dao'}
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## Summary
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### 🎯 Key Points
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The proposal aims to increase the ORE-SOL LP boost multiplier from 4x to 6x to enhance liquidity, gather data on boost impacts, and explore the application of futarchy within the ORE community.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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Liquidity providers may benefit from increased incentives, potentially leading to a more robust trading environment.
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#### 📈 Upside Potential
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The higher multiplier could attract more liquidity, improving market depth and overall trading efficiency.
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#### 📉 Risk Factors
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Increasing the multiplier may not adequately mitigate the risks faced by liquidity providers, potentially leading to reduced participation if market volatility persists.
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## Content
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## Summary
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This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x).
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## Overview
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Boosts are an ORE-native incentive mechanism for turning capital into “virtual hashpower”. They allow miners to stake select tokens and earn multipliers on their mining rewards. Currently, ORE supports boost multipliers for 3 different tokens:
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- ORE-SOL LP (4x)
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- ORE-ISC LP (4x)
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- ORE (2x)
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With the launch of boosts just over one week ago, ORE saw a significant rise in the total value of liquidity provided to the boosted trading pools. This proposal seeks to increase the multiplier for the ORE-SOL LP to further increase liquidity and better understand how boost multipliers affect the targeted markets.
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## Objectives
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1. Increase TVL in the ORE-SOL liquidity pool.
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* Liquidity providers take on a lot of risk, especially for volatile trading pairs such as ORE and SOL. To increase liquidity in these markets, the incentives for liquidity providers have to counterbalance the risks.
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* By increasing the ORE-SOL LP multiplier to 6x, we can offer greater incentives for ORE-SOL liquidity providers and potentially increase the overall market depth.
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2. Gather data to understand how changes in boost multipliers affect the liquidity.
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* Boosts are only 1 week old. The passing of this proposal would mark the first time any multiplier has been changed.
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* By increasing the ORE-SOL LP multiplier to 6x, we can gather more data from the market and better understand how changes to boosts multipliers affect the overall ORE liquidity network.
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3. Introduce futarchy to the ORE community.
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* Futarchy has recently emerged as a novel governance mechanism for teams across crypto. It has potential applications for ORE ranging from small operational decisions to the management of critical systems such as the supply function.
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* Futarchy is still a very nascent technology and before we can seriously consider integrating it into critical ORE systems, we need to understand it better. This proposal is intended to serve as a low-risk testrun for the ORE community to learn more about futarchy and how it works.
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## Raw Data
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- Proposal account: `A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC`
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- Proposal number: 1
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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: 2024-10-26
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- Ended: 2024-10-26
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