KIP-18: pKLIMA Redemption Framework + Redeem and Utilize 25% BCT/USDC LP
Summary Allow up to 1 million total pKLIMA from the DAO allocation to be utilized for bolstering KLIMA-paired liquidity pools.
Disband an additional 25% of BCT/USDC LP to deepen KLIMA/USDC liquidity and better utilize capital.
Proposal The community allocation of pKLIMA is a strategic reserve that can fulfill key DAO initiatives requiring KLIMA, such as seeding new liquidity pools or bolstering existing pools. The initial use of pKLIMA to deepen our KLIMA/USDC LP is an example of how we can utilize pKLIMA to direct treasury funds where they are most needed.
Policy requests permission for the following:
- A strategic liquidity bolstering budget of 1 million pKLIMA, to be utilized no more frequently than once every 2 weeks, in batches not exceeding 3% of circulating KLIMA supply.
- Disband an additional 25% of the current BCT/USDC liquidity, for similar reasons outlined in KIP-13, based on current % utilization and trade size of this pool.
The forum post for discussion is linked below: https://forum.klimadao.finance/d/46-kip-18-pklima-redemption-framework-redeem-and-utilize-25-bctusdc-lp
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x0BBe...b0D464 | 16,553 | For Proposal |
 0x04e3...b07316 | 12,483 | For Proposal |
 0x69a9...81C7b9 | 9,676 | For Proposal |
 0xdf6B...E90595 | 7,859 | For Proposal |
 0x8fF4...b5Ff9D | 5,910 | For Proposal |
VOTE POWER
Proposal Status
- Sat March 26 2022, 12:10 amVoting Period Starts
- Tue March 29 2022, 12:10 amEnd Voting Period
Current Results
1-For Proposal
125,683.231
2-Against Proposal
51.78