AaveGotchi DAO Liquidity Incentives Proposal (ApeBond) - Repost
AI summary
This proposal asks the Aavegotchi DAO to allocate $250,000 in DAI from its treasury to a pilot program using ApeBond's bonding mechanism. The goal is to create permanent liquidity for the GHST-USDC trading pair on QuickSwap, a decentralized exchange. This process involves exchanging DAI for GHST-USDC Liquidity Provider (LP) tokens, which will be held by the DAO. The proposal aims to improve the stability and trading environment for the GHST token and reduce its "liquidity debt."
If passed, the Aavegotchi DAO will spend $250,000 DAI to increase its owned liquidity, which could make GHST trading more stable and efficient. This benefits GHST token holders and traders by potentially reducing price volatility. The DAO's treasury will decrease by $250,000 in DAI, but gain GHST-USDC LP tokens.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author: Juliaan, Bobaa, AAdam and GotchiID: 13700 Quorum Requirement: 20% (9M) Vote Duration: 7 Days
Reference Material In-depth Proposal: https://docs.google.com/document/d/1DNBWdtrHezAYu7uSOpPYhQlISdsNJ-Tc_C9LcmIdTJk/edit?usp=sharing
ApeBond Documentation: https://docs.ape.bond/apebond/products-and-features/bonds
Liquidity Health Dashboard: https://ape.bond/liquidity-health/1/0x3f382dbd960e3a9bbceae22651e88158d2791550
AaveGotchi Trajectory Report: https://apebond.notion.site/AaveGotchi-Trajectory-Report-4008dc24d6874e6086c106224717d057
Proposal Summary: This proposal presents a strate…