PIP-72 - Liquidity Funding for Futarchy Experimentation in Velora Governance

Given the 7-day debate period for this proposal has concluded and the state of the discussion, we communicate that, in accordance with the PIP Lifecycle approved by PIP-57, we are ending the debate stage and initiating the 2-day frozen period. After this period we will submit the proposal to snapshot for voting.

Thank you all!

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Voting is live in snapshot, cast yout vote! :backhand_index_pointing_right: https://snapshot.box/#/s:paraswap-dao.eth/proposal/0xe260a3ef6ac3e39f38c1b2366cfb488dcd0b4dfeaf7125612ddeb9fa7e753821


Remember that we will host a Community Call tomorrow -Friday, October 3 at 3 p.m. UTC-, where one of the topics will be this proposal. The de futarchy.fi team will be there as a guest to answer any questions you might have.

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https://snapshot.box/#/s:paraswap-dao.eth/proposal/0xe260a3ef6ac3e39f38c1b2366cfb488dcd0b4dfeaf7125612ddeb9fa7e753821

Proposal was approved, we thank all delegates for the support and confidence.

Futarchy markets coming to Velora soon!

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Following the approval of the proposal, we have begun the initial steps for its implementation.

Safe wallet multisig:
In accordance with the approved proposal, the 2/3 Safe wallet multisig have been created at the following address: Velora Futarchy Liquidity Multisig: 0xB580be7E5EDDd2fb5798859a45742337cb2b3851

Signers:
The multisig is composed of:

  • @SEEDGov (GTF – DAO member) – Address: 0xDbc15Bfd1c64A3Ab49e3F92aE93AF6Aa51b05F1F

  • @citizen42 (VGC and DAO member) – Address: 0x3070f20f86fDa706Ac380F5060D256028a46eC29

  • futarchy.fi (@kas is their POC) – Address: 0xef364e390fF3f326e3153d0B9c4B944dB42155e5

This setup ensures that the DAO retains full control over its funds, while futarchy.fi’s participation guarantees proper technical configuration and execution.

Fund transfer:
Accordingly, we request that the DAO transfer to this safe wallet multisig address the approved liquidity provision, consisting of $25,000 USD in VLR/PSP and $25,000 USD in stablecoins or wETH, in order to create the liquidity pool and launch the markets.

Please note that these funds remain DAO property and will be used solely for liquidity provision purposes.

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We have received 7.18 WETH + 3,223,311 VLR in the 2/3 Liquidity Multisig, on November 12th. Address: 0xb580be7e...7cb2b3851 | Etherscan

These funds are currently evaluated at $49,060.39, and will be used to provide conditional liquidity to proposals.

As of our newest partnership with Snapshot, futarchy markets for Velora proposals will now contain a widget with the estimated market impact (see the proposal for Kleros below):

https://snapshot.box/#/s:kleros.eth/proposal/0x57853565aa27e14788f9533e9b788b20473b4e81711a16bef0b7210e3fa8a900

6 Likes