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VoteCoin - DAO Liquidity

Community

By Everyday Algonaut, Ludo Scholtz (@scholtz)Session 2 • Awarded 12/10/2023

About the Proposal

Vote Coin DAO incentivizes low AMM LP fee pools so that the algorand ecosystem has better incentivization on better DEX aggregators and for end users the swap quotes between bitcoin, algorand and usdc are better. We request grant to increase the AMM liquidity. With 32k Algos received from this grant we will split it to 4 baskets equaly - algo, usdc, btc and gold. Vote coin DAO will add equal stake in $vote tokens and will increase the liqudity in the pools. We will increase these pools: - Vote/Algo - 8k algo plus vote token worth of 8k algo - Vote/USDC - USDC worth 8k algo plus vote token worth of 8k algo - Vote/BTC - BTC worth 8k algo plus vote token worth of 8k algo - Vote/Gold - ASA.Gold token worth 8k algo plus vote token worth of 8k algo

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Milestones

Proposal Planning

Define proposal scope and requirements

Completed: 1/23/2025

Final Delivery

Complete all deliverables and documentation

Completed: 2/22/2025

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Proposal Summary

Funding
32,000 ALGO
xGov Period
Session 2
Status
Completed
Completion
100%
Community Votes
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0

Team

Everyday Algonaut, Ludo Scholtz (@scholtz)

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