SIP-44: Add USD+/USDs farm to the SPA Gauge

Author: Overnight Finance Reference: App, Docs Created: April 25, 2023 Labels: #Liquidity-mining

Summary

Overnight Finance offers to add the Demeter farm USD+/USDs to the SPA Gauge.

Motivation

Adding USD+/USDs to the SPA Gauge will support the liquidity mining of USD+, increase Sperax TVL, and reward SPA stakers.

Overview

Overnight Finance is an asset management protocol offering passive yield products based on delta-neutral strategies, primarily for conservative stablecoin investors. ‘Overnight’ stands for overnight interest rate, the interest rate one receives by lending money for the shortest duration possible - 1 night. It is a DeFi protocol specializing in delta-neutral strategies. Protocol Overnight Finance has created USD+/USDs farm on Demeter and it is going to be launched soon. Our proposal is to include the farm in the Gauge to enhance the liquidity of USD+ and increase the TVL of Sperax. This will enable us to provide incentives to SPA stakers through USD+ bribes, thereby boosting revenue for the Sperax USD protocol and SPA stakers.

Technical Specification

Add to the Gauge the farm USD+/USDs launched on Demeter

Voting

For

Add USD+/USDs farm to the Gauge

Against

Don’t add the farm to the Gauge

start

April 30, 2023

4:45 AM

end

May 3, 2023

4:45 AM

Voting

off-chain

Voting type

single-choice

Voters

4,342

Votes

444,283,973

Final Votes

closed

For

444.1M veSPA

99.96%

Against

196K veSPA

0.04%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%