Detalhes da Proposta
Use Treasury To Boost Liquidity For Stablecoin
madfolio
Resumo
Cardano Foundation has confirmed that there is not enough interest from exchanges to host Cardano fungible tokens. SNEK has made it but others are struggling with volume and liquidity.
This proposal would set 1% of the treasury to a stablecoin to provide liquidity, stability and show the community is taking the need for a stable coin on the network seriously, improve volumes and a base on which to build bigger projects.
The community would vote on which coin ie DJED or USDC.
There is currently 1.66BN ADA in the treasury. 1% would be 16,600,000 ADA.
The community could go futher and vote for a recurring amount to be invested in stable coin liquidity on a regular basis, setting aside 1% of fees every epoch.
Motivação
Cardano Foundation reports that exchanges are not that interested in listing Cardano fungible tokens. SNEK however has made it.
Justificativa
Interest needs to be generated in the network and a stable base needs to be formed in order to provide liquidity. This would then open up for increased volumes and shows a governacne model that is providing stability, not just being a venture capital model like Catalyst.
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Comentários (20)
This is a live discussion that is growing and popping up in different parts of the ecosystem:
https://forum.cardano.org/t/treasury-budget-for-ecosystem-stablecoin-liquidity/143580/2?u=james_meidinger
I would agree if its not Stables like Djed or USDC. USDC is not Cardano Native and we will spend the money away from the Ecosystem. Specially a no go, because they can alway make the rules and we have to follow that they keep staying liquid on Cardano. DJED simply not, because its still not a opensource project.
It would be a good diea to pass a constitutional amendment first forbidding the treasury from buying and investing in native assets, but allow stable coins which meet some set of criteria. Then creating proposals for the treasury to invest in stable coin liquidity pools would be sensible. I think without this protection, it sets a bad precedent and memecoins will be next.
We would all benefit from more stablecoin liquidity, especially as stables will be the first asset for legislature in the first 100 days of the Trump admininstration. We need an effective plan and act on it ASAP.
This proposal is a commitment to the future of our governance structure, Governance should go beyond simply funding projects (like Catalyst) and actively build the infrastructure needed for a thriving DeFi ecosystem. By prioritizing liquidity and stability, we can position Cardano as a true powerhouse in the space.
Taking short cuts for the gain in value isnt a good thing, we cant fake boost projects because we need more volume, build and adapt to world needs and future prosparity.
Stablecoins need to be a priority and using treasury funds simply makes sense. It could be a revenue generator as well for the treasury by leveraging defi (Indigo, Liqwid, Farming)
I second this as a good and constructive proposal that could be implemented right along. I would suggest to consider USDC as an established stablecoin with cross-ecosystem impact.
i hope people see this; good job if it can be achievable
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