[PIP-25] Yield Farming with Pickle Treasury
PIP discussion here.
Intro
Currently, the Pickle Treasury contains ~$550k of funds, most of which are sitting idle.
1inch Exchange, the DEX aggregator has launched a liquidity mining program starting on January 9, 2020 and running for the duration of a month. The program supports farming for liquidity pairs which our treasury currently holds, namely:
- ETH/USDT ($50k)
- ETH/DAI ($281k)
Both of these pairs earn over 50% APY at 1inch at the time of writing. There is an opportunity for our treasury to actively grow its reserves by farming on top of a trusted platform.
Proposal
This proposal, if passed, involves withdrawing the aforementioned liquidity pairs into Larry the Cucumber’s multi-sig keyholder wallet so that he may deposit them on 1inch to take advantage of the liquidity mining program for the benefit of the Pickle Treasury.
This proposal only extends to the 1inch liquidity mining program. Any future use of treasury funds for similar purposes must be agreed upon by the Pickle community.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9F11...738BA1 | 28 | Do notihng |
 0x2166...523860 | 17 | Implement proposal |
 0x58D3...568d14 | 16 | Implement proposal |
 0xaCfE...b4c47C | 9 | Implement proposal |
 0x577B...18b1Cc | 6 | Implement proposal |
VOTE POWER
Proposal Status
- Thu January 14 2021, 10:00 amVoting Period Starts
- Fri January 15 2021, 10:00 amEnd Voting Period
Current Results
1-Implement proposal
72.137
2-Do notihng
31.604