DeversiFi DVF Governance

Temperature Check: Should the DVF DAO Owned DVF LP tokens be staked into Sushi Onsen?

Temperature Check: Should the DVF DAO Owned DVF LP tokens be staked into Sushi Onsen?

Summary
The Uniswap & Sushi DVF/USDT liquidity that was raised from the DeversiFi Launch Market has been transferred to the DVF DAO address. In order for the DVF DAO to earn SUSHI rewards from this liquidity, it needs to be staked into the Onsen program

A proposal will be submitted Snapshot on the 12th August with a clear yes or no decision

For:

  • The DAO will be earning c.20% SUSHI regards on the c. $XXX liquidity. These are funds that can then be spent by the DAO in more productive ways in the future.
  • Aligns the deversifi community with the sushi community

Against:

  • If the DAO does not stake into the Onsen program, then other DVF holders will be able to benefit from higher SUSHI rewards
6 Likes

I think the DAO should do it.

The DVF DAO can then use that money to fund incentives that are potentially more beneficial to the DeversiFi ecosystem.

4 Likes

it is interesting as long as it benefits the community, which could benefit from increased visibility.

DVF DAO should stake in Onsen as i believe SUSHI is still a rather undervalued project and has higher potential to grow compared to Uniswap. By receiving SUSHI tokens which we can expect higher value in the future, there would be overall positive value accrual for everyone in the DAO.

1 Like