# Strudel Update: The Orkan

### The snapshot vote for the Orkan proposal has finalized in favor of proceeding with the plan.

We are happy to have the support of the community which has voted for the Orkan. Since announcing the plan we've seen renewed interest and our preliminary tests were very successful.

We ran our first gnosis auctions the past week which alowed the protocol for the first time to acquire a large ammount of assets trustllesly. Diversifying our treasury and owning the $TRDL liquidity is the path forward to ensure a deep trading pool and a stronger peg. Balances can be checked [here](https://app.zerion.io/0xb61b683cDccCa879166885841004586847bE793C/overview) in real time.


## Notes On Gnosis Auction

After interacting with the gnosis auction IDO protocol we think that it is a viable tool for any multisig to distribute their tokens through. The improvement over yield farming strategies is clear in that it allows for organic price discovery while preserving the price action for the token.

There are other benefits to the bidding mechanism, such as the lower total cost to execute compared to AMM transactions and the fact that it gives everyone a chance to participate at their desired price point. If gas is to expensive bids can be placed at any point before the auction closes.

## Campaigning to save yvBOOST

Last week we [posted a proposal](https://gov.yearn.finance/t/proposal-allow-yvboost-to-vote-on-new-crv-gauges/11800/6) on the yearn governance forum to allow yvBOOST to be used to vote for the use of yearn's crv vote. yvBOOST uses a one way bridge much like strudel and it has had some issues staying close to the underlying $CRV price.

We believe that by aligning the incentives of yvBOOST to leverage yearn's big vote on given ocasions will make it interesting for protocols such a $TRDL to acquire a significant ammount of yvBOOST to earn a yield their products. This will in turn grow Yearn's war chest by making it profitable to once again lock $CRV for more yvBOOST.

We are waiting to hear more feedback from the Yearn protocol to continue the process of creating the proposed upgrade. We need help from the $TRDL community to engage in this conversation and figure out the best way to get this done and #SecureThePeg for both $yvBOOST and $vBTC

## Next steps

***The next step for the protocol is to discontinue the perpetual yield farming program.*** The existing pools will continue to be supported by the protocol. Specifically MARE pool holders should expect to be able to participate in our Auctions in the near future. Token distribution will be determined by the multisig through auctions and fixed term yield incentives from now on.

***We are building our native bond interface and smart contracts*** Although the gnosis interface is a perfect way to start issuing TRDL against assets we recognize the need of having a proper bond interface and smart contracting suite. We have begun work upgrading the protocol to have a familiar interface users can purchase bonds from.

***We will continue to create Gnosis Auctions*** We will continue creating 3 day gnosis auctions to distribute $TRDL and meet our protocol goals. We hope demand continues to increase as users become familiar with the process. We are eager to hear feedback from users regarding how we can improve their experience.

***Read More about the Orkan:*** https://y.at/🌪️🌪️👀
***Index***: https://y.at/🧠🧠🧠🤓
***Nerd Metaverse:*** https://y.at/💻🤓💰