PIP-XX: Utilizing Aura Finance to bootstrap PSP liquidity on Optimism

Governance Proposals
47

Discussions are still on going on that proposal and didn’t pass yet, so let’s focus on this one.
I think we can still do both (R&D + AURA) so I propose :

  • Allocate $5K in $PSP + $5K $ARB weekly for 10 weeks.
  • Swap BAL + OP rewards to $PSP, and distribute it to Stakers in sePSP1 at the end of each epoch.
  • GovCo will handle preparing payload and providing program analysis to ensure sustainability and profitability (@Figue)

The allocation will run approximately until the 2nd week of jan 2024, so at the end of dec 2023 we will have to prepare a new proposal and vote to extend/update/stop this allocation. We could then if agreed by the DAO use $ETH as a substitute of $ARB.

This will still leave the fondation with 200K $ARB for R&D in addition with the $OP.

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