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Proposal #104

Create new WBTC/XPRT Weighted Pool on Dexter

PassedExecute Contract

Passed on 24 May 2024 with 97.8% of the votes for yes.

Yes

97.8%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

24 May 2024

The ballotvotes cast · final tally
Yes

97.75%

of votes cast

Abstain

2.25%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

Proposal

This proposal suggests creating a new WBTC/XPRT Weighted Pool on Dexter as follows:

Pool Parameters:

  • Pool Type: Weighted Pool

  • Pool Tokens: WBTC, XPRT

  • Token Weights: 50.00% WBTC, 50.00% XPRT

  • Pool Liquidity: 0.008010 WBTC,2250.000000 XPRT

  • Swap Fee: 0.30%

Additional Context:

Due to a configuration error in Prop 99 the Dexter Contract upgrade proposal, the proposal for the creation of the WBTC-XPRT pool failed. We have addressed this issue in Prop 103, a separate proposal to make the necessary configuration changes to the Dexter smart contract. With the fix in place, we are now resubmitting the pool proposal to create the WBTC-XPRT pool.

Benefits:

  • Building liquidity for the biggest asset (BTC) on the Persistence chain
  • Increasing alignment with Bitcoin for the chain that will soon be secured by Bitcoin
  • Expanding liquidity opportunities for XPRT paired with BTC
  • Offering new yield opportunities for liquidity providers on Dexter
  • Creating additional trading routes on Dexter

Voting

  • By voting YES you agree with the proposed creation of the new WBTC/XPRT Weighted Pool on Dexter, following the specified details.
  • By voting NO, you disapprove of the proposed pool creation.
  • By voting ABSTAIN, you contribute to the quorum but formally decline to vote either for or against the proposal.
  • By voting NO WITH VETO, you consider this proposal spam, malicious, or harmful and want the depositors penalised by burning their deposit.

Timeline

  1. Submitted19 May 2024
  2. Voting started19 May 2024
  3. Voting ended24 May 2024
  4. Deposit deadline20 May 2024

Proposer

Address
persiste…u3czty
Deposit3.5K

Rules

Not recorded for this proposal.