owned this note   changed 4 years ago  
Published Linked with GitHub

Liquidity DAO

Overview

The aim of Liquidity DAO is for dedicated HAUS token LPs to pool their LP tokens into a DAO that will receive diamond hand rewards at the end of 6 or 12 mons. The end goal is that the rewards they accumulate will allow Liquidity DAO to join UberHaus and represent the perspective of HAUS LPs.

Membership

Membership in Liquidity DAO is restricted to those who tribute HAUS / wxDAI LP Honeyswap LP tokens.

Target = 500,000 LP Tokens

Min Stake: 500 LP Tokens
Max Stake: None

Max Shares: 100 Shares
Max Loot: None

Share Ratio: 100 LP Tokens = 1 Share, until 100 Shares and then the rest is in Loot.

Joining Process

  • One week open membership period.
  • Open to DAOs and individuals.
  • Allow for open membership period again after 12 mon initial rewards are fully streamed to DAO.
  • Allow for replacement members where the existing members are able to set a new fair value for shares, but will be punished by UberHaus for keeping a replacement member out.

Rewards

Stream rewards to the Liquidity DAO over a 1 year period to encourage diamond hands. Streamed rewards are a grant from UberHaus DAO.

Rewards Amt: up to 10,000 HAUS.

Question: Should it be part streaming and part in a conditiional escrow minion at the end to really encourage the diamond hands?

Other 3 week initial lock up period before streaming starts when members can join.

Rebalance UberHaus could rebalance streaming rewards if LP tokens in the DAO fall below 200,000 LP tokens.

Rules

members hold the right to guild kick anyone through a proposal at anytime

Select a repo