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# System prepended metadata

title: USDC.grv/USDT.grv LP on Crescent

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# USDC.grv/USDT.grv LP on Crescent

**Why?** A stable place to park funds and avoid impermanent loss while earning swap fees and incentives.

**What?** Proposing that Gravity Bridge community approve the creation of a new USDC.grv/USDT.grv LP on Crescent as discussed in Commonwealth Forum (https://commonwealth.im/gravity-bridge/discussion/11081-create-incentivized-usdcgrv-usdtgrv-stableswap-on-crescent-dex) 

**How?** Crescent team will create new pool and incentivize it using the 4,000,000 Gravitons (4M GRAV) that were sent to  Crescent team controlled multisig [gravity1nhwag4qqrw6z56tcl9vt64jue9cywur9ljhspt](https://www.mintscan.io/gravity-bridge/account/gravity1nhwag4qqrw6z56tcl9vt64jue9cywur9ljhspt) for incentivizing the SHIB.grv/bCRE LP as per [Prop 157](https://www.mintscan.io/gravity-bridge/proposals/157), however the SHIB.grv/bCRE LP is not moving forward so the funds need a different allocation.

The incentives will be paid out to liquidity providers over 90 days (44,444 GRAV per day).

## Voting
* In voting **YES** for this proposal you approve that GB community request the Crescent DEX team to create a USDC.grv/USDT.grv pool and allocate the incentives that were sent for the SHIB.grv/bCRE LP to the new USDC.grv/USDT.grv LP at Crescent DEX. 

* Voting **NO** on this proposal signals that you disagree with the creation of a new USDC.grv/USDT.grv LP and its incentivization.

Author
alphaBiota | LOA Labs