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Gearbox · closed proposal

[GIP 35] Cider'd Launch Final Parameters

0xeEEC…65a3·ended 3y ago·Discussion ↗
Voters
1,001
GEAR voted
298.10M
Token price
—

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
298.10M / 200.00M GEAR(149%)
✓ Quorum met
Yes to Params 1-12, yes 400 ETH295.38M (99.1%)
Yes to Params 1-2, no 400 ETH1.89M (0.6%)
No to all or some parameters830.00K (0.3%)
298.10M GEAR · 1001 votersblock 16137069

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Full proposal

Original markdown · Gearbox

The purpose of this proposal is to finalize the parameters of the Gearbox Cider’d Bootstrap Liquidity plan (henceforth called Cider’d) here: https://gov.gearbox.fi/t/gip-31-1-gear-strategy-cider-ed-liquidity/2050

Proposal

The proposal is to launch Cider’d, as outlined in the original proposal, with the following set of decided parameters:

  1. GEAR price range of $0.015-$0.03
  2. ETH commitment range of 2,000 to 3,000
  3. GEAR commitment range of 120 million to 160 million
  4. Audit cost is 16,000 USDC, audit will be done by Chainsecurity, with an intended completion date of Dec 11th.
  5. Mul…

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