dhive

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

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
April 30, 2023
4:45 AM
end
May 3, 2023
4:45 AM

Voting type
single-choice
Votes
444,283,973

Final Votes
closed

For
444.1M veSPA
99.96%
Against
196K veSPA
0.04%