SharedStake / project-management

Project management repo
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[DEV] Create a Protocol owned liquidity contract #6

Open chimera-defi opened 2 years ago

chimera-defi commented 2 years ago

Create an olympus style protocol owned liquidity contract.

  1. Draft and release technical article
  2. Write code for it
  3. Deploy and test on testnet
  4. Decide experimental parameters and duration for first run
  5. Deploy and test on mainnet
  6. Decide on longer running tests parameters
  7. Integrate with UI

We want to move from paying out for liquidity to having protocol owned liquidity,
Use the olympus pro bonding contracts for inspiration
Bonded LP goes to multisig.
Payout is SGT vested by the treasury
This increases backing and liquidity for SGT
While diversifying the treasure

We want to allow users to create LP and in essence sell it to the DAO treasury in exchange for SGT at a discount over market rate.

NateBrune commented 2 years ago

https://github.com/OlympusDAO/olympus-contracts https://docs.olympusdao.finance/pro/olympus-pro-partners/contracts I will create a draft