Begin Incentivizing Liquidity To tBTC v2 Curve Pool
AI summary
This proposal suggests that the Threshold Network DAO begin providing incentives to the tBTC v2 Curve pool. The goal is to ensure there is enough liquidity (funds available for trading) for the tBTC v2 token before its official launch. This proactive step aims to facilitate the creation of a Yearn vault for tBTC v2 and to ensure a smooth launch, learning from past experiences with the T token launch.
If passed, the DAO will allocate 300,000 T tokens to incentivize liquidity providers in the tBTC v2 Curve pool. This benefits early liquidity providers and helps establish a stable market for tBTC v2, potentially encouraging more users to convert from tBTC v1. There are no clear losers, but the DAO's treasury will be reduced by 300,000 T tokens.
Voting results
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🐳 Whale votes
6 votes > 5% VPFull proposal
https://forum.threshold.network/t/proposal-begin-incentivizing-liquidity-to-tbtc-v2-curve-pool/285
Prior to the official launch of the tBTC v2 bridge we will need to have a plan to ensure a liquid market. Rather than waiting for launch to figure this out, I propose that we preemptively direct incentives towards the tBTC v2 Curve pool.
There are two reasons we should do this:
- As discussed by @mhluongo on Discord, to establish a Yearn vault we need to have rewards flowing to the tBTCv2 pool. Ideally, the most efficient approach would be that we simultaneously do this with Yearn on launch. …