Dear Lucidao Community,
The [PLP#0018] had gained traction and was moved to FLP stage.
This proposal aims to extend the liquidity provision for the MATIC/LCD pair on Quickswap for an additional 3 months.
Strategic Alignment
The 3-month extension is chosen to align with upcoming Token Economics, which will have a dynamic interaction with the Altr platform.
Utility and Benefits
Continuing liquidity provision serves to maintain stable trading conditions for the MATIC/LCD pair and to facilitate ongoing distribution of LCD utility tokens via farming rewards.
Rewards Structure
A daily allocation of 48,800 LCD to the Gamma pool.
A cumulative total of 4.54 million LCD tokens to be distributed over the 3-month period.
Funding
The rewards will be drawn from the Governance reserve, ensuring continued incentives for Liquidity Providers participating in the MATIC/LCD pool.
Timeline
Upon approval, this liquidity provision will remain active, distributing rewards until the end of 2023.
As valued members of the DAO, we welcome your input, feedback, and proposals regarding budgeting among other topics.
Connect your wallet and delegate your tokens on http://governance.lucidao.com/ . You will be able to delegate your LCD balance during the next 12 hours.