PrimeDAO - Deepstash

PrimeDAO

Meanwhile, PrimeDAO wants to getBalancer directly involved in its operations.

This is the most complex deal. PrimeDAO is asking for 25,000 BAL ($405,000) which it will use for a pool with equal parts of its token, PRIME, and BAL on Balancer. Then it will return half the liquidity provider tokens for that pool to the Balancer treasury, so they will each benefit from trading fees and BAL rewards on the pool.

PrimeDAO further commits in the proposal to strike similar deals with other protocols for jointly owned liquidity pools on Balancer.

And 156,000 BAL have voted for this proposal.

2

10 reads

CURATED FROM

IDEAS CURATED BY

decebaldobrica

#engineering, #machinelearning and #crypto

The idea is part of this collection:

No More Broke

Learn more about crypto with this collection

Identifying and eliminating unnecessary expenses

How to negotiate better deals

Understanding the importance of saving

Related collections

Similar ideas to PrimeDAO

What are liquidity pools used for?

Pooling liquidity is a profoundly simple concept, so it can be used in a number of different ways.

  • One of these is yield farming or liquidity mining. Liquidity mining has been one of the more successful approaches. The tokens are distributed algorithmically to ...

Podcasting: The Return Of Apple

Podcasting: The Return Of Apple

In 2021, Apple again sets its attention on podcasts. The recent ‘Spring Loaded’ event had the company creating the technical infrastructure for paid subscriptions and exclusive content. Creators will charge directly from the customer and pay a 30 percent revenue cut to Apple.

...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates