Title: Proposal to create and co-incentivise the DOLA/mkUSD pool on Balancer
Author: cryptoharry from Inverse Finance and Frank Olson from Prisma Finance
Type: PRFC
Date: 11-12-2023
References
- Project name: Inverse Finance
- Website: https://www.inverse.finance/
- Dapp: Inverse Finance - FiRM
- Docs/Litepaper: Introduction - Inverse Finance
- Source code: Inverse Finance · GitHub
- Contracts: https://docs.inverse.finance/inverse-finance/technical/smart-contracts
- Audits: https://docs.inverse.finance/inverse-finance/technical/audits
- Communities:
- Twitter (23.4K Followers): https://twitter.com/InverseFinance
- Telegram (2.935 members): Telegram
- Discord (3.259 members): [Inverse.finance](Inverse.finance)
- Blog: Inverse Finance Blog
Summary
This proposal aims to describe the creation of the DOLA/mkUSD pair on Balancer, coupled with the approval for budget allocation to stimulate liquidity bootstrapping.
Abstract
This proposal seeks approval for the allocation of funds to incentivize liquidity in the forthcoming DOLA/mkUSD pool on Balancer. The incentives include $30.000 worth of PRISMA, a sum to be matched by Inverse Finance for the same pool. The incentive program is designed to span 6 weeks.
Motivation
This pool allows mkUSD to pair with another decentralized stablecoin on Balancer. More volume on more dexes is important when looking to get an oracle, which would allow mkUSD to be used more widely in DeFi. By incentivizing this pool to attract liquidity, we hope it will encourage future development of mkUSD and their presence in the Defi ecosystem.
Voting
If you agree with this proposal, this proposal would lead to a snapshot vote in 2 days