Stage 1: Fluid to $2B Market Size
Summary
This proposal seeks approval to transfer 195k $INST rewards from the DAO treasury to the Avocado team Multisig. This provides reward distribution in key vaults and markets.
Code Changes
Transfer $INST Rewards from Treasury to Team Multisig
Transfer 195K $INST from the DAO treasury (0x28849d2b63fa8d361e5fc15cb8abb13019884d09) to the Avocado team multisig wallet (0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e).
Description
This proposal facilitates the transfer of 195K $INST rewards from the DAO treasury to the team multisig, enabling targeted reward distribution across key markets to drive growth and participation. The proposed allocations are as follows:
- 150K INST ($1M in rewards):
- Distribute 75K INST each on fUSDT and fUSDC, supplementing the ongoing $1M stablecoin rewards.
- 30K INST ($200K in rewards):
- Provide rewards on the borrowing side of WBTC and cbBTC <> stablecoin markets to incentivize BTC lenders.
- 15K INST ($100K in rewards):
- Deploy rewards on the USDC-ETH DEX pools to bootstrap liquidity and strengthen this market.
Conclusion
This proposal increases the rewards to attract liquidity, thereby promoting Fluid as the best venue for lending, borrowing, and trading.
Forum Link: Stage 1: Fluid to $2B Market Size
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa761...834324 | 1.51M | FOR |
 0xAa72...c44931 | 1.191M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0xe9cC...31aA9F | 500,000 | FOR |
 0xd99a...e5fFd1 | 250,000 | FOR |
VOTE POWER
Proposal Status
- Thu December 12 2024, 10:56 pmVoting Period Starts
- Sat December 14 2024, 11:11 pmEnd Voting Period
- Sat December 14 2024, 11:36 pmQueue Proposal
- Mon December 16 2024, 06:19 pmExecute Proposal
Current Results
1-FOR
4.466M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens