QIP035: Add QI Rewards to Beethoven X on Fantom
This proposal is to begin incentives for MAI and QI liquidity on Beethoven X on Fantom.
QiDao deployed MAI vaults on Fantom around 2 weeks ago. Beethoven X has provided liquidity mining rewards for a MAI-USDC pool during this time, accumulating 3,627,185 MAI. Beethoven gives around $23,000 per week in rewards to this pool. Similar to the partnership we have with Balancer on Polygon, we look to make strong ties with Beethoven X as we expand on Fantom.
The proposed MAI pool would be MAI-USDC, and would receive 15,000 QI per week. This is the same amount we award Balancer’s stable pool on Polygon. The proposed QI pool would be QI-FTM, and would receive 10,000 QI per week.
The rewards would last 2 months, by which time the DAO will begin receiving FTM rewards from TVL (assuming QiDao maintains at least $5M TVL on Fantom).
A 0.5% deposit fee will be charged for staking LPs on Mai Finance.
Motivation
- Bolster MAI’s peg given high demand for levering collaterals on Fantom
- Provide more MAI liquidity for users levering on MAI vaults
Quorum Standards
The option with the most votes will be adopted
Options
- Incentivize the pool
- Do not incentivize the pool
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2988...869146 | 444,754 | Incentivize the pool |
 0xEf11...994234 | 243,368 | Incentivize the pool |
 0x0032...6B26a0 | 235,565 | Incentivize the pool |
 0x9C0d...40e87b | 222,825 | Do not incentivize the pool |
 0xD82e...d3e5D8 | 208,902 | Incentivize the pool |
VOTE POWER
Proposal Status
- Fri October 29 2021, 07:00 amVoting Period Starts
- Mon November 01 2021, 12:00 pmEnd Voting Period
Current Results
1-Incentivize the pool
1.956M
2-Do not incentivize the pool
242,974.072