Add Lido's stETH market to Anchor and renew DOLA-3CRV rewards for 2 months
DESCRIPTION Below are the proposed stETH market deployment parameters:
- Collateral factor: 60%
- Reserve Factor: 20%
- INV reward speed: 0 INV per month
- Oracle feed: Lido’s Curve oracle https://etherscan.io/address/0xab55bf4dfbf469ebfe082b7872557d1f87692fe6
In addition to the stETH market, I propose renewing DOLA-3CRV LP rewards at a rate of 750 INV per month for a duration of 2 months (1500 INV total).
RATIONALE At the time of this proposal, about $1.2B worth of stETH are in circulation. However, stETH is far less productive across DeFi than ETH and its holders have nowhere to borrow on their stETHs. Adding stETH to Anchor will allow holders to use it as collateral to borrow DOLA, making stETH a more productive asset and boosting Anchor TVL, DOLA borrowing demand and DAO revenue. Maintaining high DOLA-3CRV liquidity is essential to accommodate a potential increase in DOLA borrowing demand by stETH holders.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x3FcB...50cB28 | 6,375 | FOR |
 0x0035...D2B318 | 500 | FOR |
 0x00A5...D2659a | 363 | FOR |
 0x7165...2CEe8B | 356 | FOR |
 0x2f80...A6f9fe | 289 | FOR |
VOTE POWER
Proposal Status
- Published Onchain0x3FcB...50cB28
- Mon June 14 2021, 08:25 amVoting Period Starts
- Thu June 17 2021, 12:45 amEnd Voting Period
- Fri June 18 2021, 06:41 amQueue Proposal
- Sun June 20 2021, 12:27 pmExecute Proposal
Current Results
1-FOR
8,249.971
2-AGAINST
80