Increase Liquidity Mining Reward Pool
AI summary
This proposal asks the Instadapp community to increase the amount of INST tokens allocated to its Liquidity Mining Reward program. This program rewards users with INST tokens for holding DeFi balances within their Instadapp DSA v.2 accounts. The additional tokens, ranging from 100,000 to 400,000 INST, would come from the Community Treasury to support upcoming integrations and encourage participation in new protocols.
If passed, the Instadapp treasury will allocate between 100,000 and 400,000 INST tokens (worth approximately $100,000 to $400,000 based on a hypothetical $1 INST price) to the liquidity mining program. This would benefit users participating in the program by providing more rewards, potentially attracting new users and increasing engagement with Instadapp's new integrations. The treasury's INST holdings would decrease by the allocated amount.
Voting results
Votes over time
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🐳 Whale votes
1 vote > 5% VPFull proposal
Summary:
This snapshot vote is to increase the Liquidity Mining Reward pool. This snapshot requires quorum to be considered valid. (see on-chain voting parameters)
Description:
Instadapp has on-going Liquidity Mining reward program. Instadapp DSA v.2 users are awarded INST for maintaining a DeFi balance in their accounts. In the next few weeks, several integrations will be added to Instadapp. These integrations and Instadapp will benefit from distributing to new protocols protocols. This vote will increase the Liquidity Mining reward pool. The Liquidity Mining reward pool started wi…