VIP-2: Fuse Ecosystem Round funds usage

Proposals
1

This proposal is created by the Core Voltage Team regarding the tokens collected via the Fuse Ecosystem Round that took place on March 8th, 2022. The event was an amazing success seeing that we collected 2,784,226 $FUSE tokens which = ~$1.06 Million USD. Below are the 3 options we propose for what to do with the collected $FUSE tokens:

Strategy 1:

50% of the $FUSE tokens collected will be burned (~$530K :scream:)
25% of the $FUSE tokens collected will be added to liquidity pools selected by the team
25% of the $FUSE tokens collected will be locked and used as a grants program to support innovative projects looking to partner with Voltage.

This will make sure all collected $FUSE tokens are accounted for and are put to use in the best possible manner. A burn would benefit the FUSE community at large and we plan to do this at random times until the entire 50% collected has been burned. This alleviates sell pressure as the FUSE token will more than likely rise.

Disclaimer: This is not financial advice. Please do your own research when investing.

We feel that we have detailed information about which pools have performed the best and which ones will contribute greatly to the sustainability of Voltage’s farming reward emissions. If this vote is passed, the 25% allocated will be divided up amongst multiple liquidity pools. Our priority is to make sure the $FUSE-$VOLT pool has adequate liquidity. We will add to the remaining pools in an order of importance based on volume, and TVL.

A detailed explainer of our grant program will be provided post acceptance of this proposal.

Strategy 2:

10% of the $FUSE tokens collected will go to an incentivized single-staking pool (stake xVolt for Fuse rewards)
40% of the $FUSE tokens collected will be burned
50% of the $FUSE tokens collected will be added to liquidity pools selected by the team

Strategy 3:

50% of the $FUSE tokens collected will be burned
50% of the $FUSE tokens collected will be added to liquidity pools selected by the team

A poll has been created in order to give the community the possibility to vote on which of these strategies will be added on Snapshot

  • Strategy 1
  • Strategy 2
  • Strategy 3
  • None of the above

0 voters

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