| id | Title | Status | Author | Description | Discussions to | Created |
|---|---|---|---|---|---|---|
| TIP-159 | Optimal Liquidity Strategy on Velodrome | Draft | MΞthodic (@0xmethodic) | Create a PoL position on the USDC pool on Optimism with Velodrome | discord | 2023-08-01 |
Allocate treasury assets towards a POL position on Velodrome and increase THALES rewards for THALES/USDC pool slightly to take advantage of Velodrome’s incentives efficiency and achieve a net profit strategy
On Optimism, Thales is currently incentivizing the following amounts on the respective platforms:
- Arrakis THALES/WETH pool incentives:
2,500 OP+24,000 THALESper week (~$15K) - Velodrome THALES/USDC pool incentives:
6,000 THALESper week (~$2.7K) - Velodrome THALES/WETH pool incentives:
6,000 THALESper week (~$2.7K)
In addition, Thales recently passed a proposal to allocate about $350K worth of treasury assets towards a Protocol Owned Liquidity (POL) via Arrakis PALM.
This proposal aims to Optimize Thales’ liquidity strategy on Velodrome team to reduce reliance of incentives and THALES emissions over time by:
- Depositing a $200K POL position on the THALES/USDC pool:
230K THALES&100K USDC - Update Velodrome THALES/USDC pool incentives to:
725 OP+9,000 THALESper week (~$5K)
These emissions are to run until further revaluation by the Thales Governance Structure.
This TIP entails the Thales Protocol DAO and Treasury DAO to facilitate the following emissions and POL changes:
- Deposit and stake $200K of THALES/USDC POL (
230K THALES&100K USDC) on Velodrome to capture VELO emissions - Update Velodrome THALES/USDC pool incentives to:
725 OP+9,000 THALESper week
$VELO emissions collected with POL will be locked into Thales' veNFT every week.
Rewards collected with POV are to be compounded into additional POL. The incentives in this proposal are to be valid until further revaluation from implementation.
N/A
TBD
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