Accept Fluid configs and Launch Protocol
AI summary
This proposal seeks to approve the initial setup and launch of Fluid Protocol, a new lending and vault platform within the Instadapp ecosystem. It defines which cryptocurrencies (USDC, USDT, ETH) can be lent and borrowed, and establishes specific vault configurations for various token pairs like ETH/USDC. The proposal also sets limits for withdrawals and borrowing and allocates rewards for certain lending and vault activities for the first three months.
If passed, Fluid Protocol will launch with these specified configurations, transferring its ownership to Instadapp's decentralized governance. This benefits users who want to lend, borrow, or use vaults with the listed assets, and rewards will incentivize early participation. There are no clear losers, but the success of Fluid will depend on market adoption and future governance decisions.
Voting results
Votes over time
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🐳 Whale votes
5 votes > 5% VPFull proposal
Summary
This proposal accepts the proposed configurations, markets and initial assets for the Fluid Protocol. When passed, The Instadapp Team will set the configs and transfer the ownership of Fluid to governance prior to launch.
Description
The Instadapp Team has proposed the initial markets, assets and protocols for Fluid. By voting for this proposal, you are approving the proposed configs and transfer of Fluid protocol to governance prior to launch. Future governance changes to Fluid will be completed on-chain via Atlas.
Proposal Summary:
- Enables the Lending (Supply) marke…