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
9 reads
The idea is part of this collection:
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
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.
I agree to receive email updates