9 Tweets Jan 27, 2023
Imagine a grants program that funds proposals, and hands the voting power completely to the community
Wait no further πŸ’« πŸ”₯
ANYONE aligned with what Liquity stands for can participate to help increase:
β€’ Awareness 🏫
β€’ Utility 🌱
β€’ Liquidity πŸ“ˆ
Introducing, LiquiFrens ℒ️
LiquiFrens is grants program that will provide funding for user-made proposals.
$LQTY holders will vote on which proposals get funded, thus giving holders a more hands-on role on where to steer activities within the Liquity ecosystem.
But what initiatives are eligible? πŸ€”
πŸ‘‡
Anything the community perceives as beneficial to the ecosystem!
Some suggestions for inspiration:
β€’ Collabs & integrations
β€’ Targeting specific markets (eg. MENA, LATAM), halal finance, ...
β€’ FIAT on/off ramps
β€’ Growing liquidity for LUSD
The force is with you, anonπŸ‘‡
How is it funded?
Liquity AG will donate the yield of the 5m of staked $LQTY to the Liquifrens initiative.
To see what the historic APRs are, check out this @DuneAnalytics dashboard: dune.com
Wen?
The private beta is live.
The official launch starts February - with the yield earned in January!
The budget for Jan is 5000 $LUSD
To learn more on how LiquiFrens addresses:
β€’ Proposals
β€’ Voting & Quorum
β€’ Execution
Head over to our DiscordπŸ‘‡
discord.gg
We already have two proposals live for voting, and LQTY holders can go and vote πŸ”₯
Please have a look here to see what they are:
Discourse: frens.liquity.org
Snapshot: snapshot.org
A gentle reminder that LiquiFrens proposals
β€’ Should not break any laws
β€’ Should not unfairly benefits individuals or game the system
β€’ Content Proposals are not suitable, as those are covered by the Community Rewards program
We will also be hosting a Spaces tomorrow where we will provide an introduction to LiquiFrens, & answer community questions
RSVP here 🀜 :

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