Upgrade Smart contract for market maker borrowers from Liquidity Staking Pool
AI summary
This proposal suggests upgrading a smart contract to improve the functionality of the dYdX Liquidity Staking Pool. The upgrade would allow market makers, who are professional traders providing liquidity, to cancel deposits and recover their funds more easily. This change aims to make it safer and more attractive for market makers to utilize the pool.
If passed, market makers will have increased flexibility and security when interacting with the Liquidity Staking Pool, potentially leading to more participation and improved liquidity on the dYdX platform. There are no direct financial losses for any party, but the DAO benefits from a more robust and attractive liquidity offering.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
In reference to https://forums.dydx.community/proposal/discussion/2437-drc-smart-contract-upgrade-for-market-maker-borrowers-from-liquidity-staking-pool/, the smart contract should be upgraded to support deposit cancellation and recovery and ensure that market makers can safely make use of the Liquidity Staking Pool.