Executed

Transfer 1500 ODG to Open Dollar x Credit Guild Incentives Distributor Multisig


Proposal ID

180581...7497

Proposed

Jun 12th, 2024

Result details
Final Votes

Quorum

25.17K of 20K

Majority support

Yes

For

25.17K

Against

0

Abstain

0

Actions

Type

Address

Details

Proposal

As specified in this proposal, 1500 ODG will be distributed to incentivize OD usage on the Credit Guild.

This proposal transfers 1500 ODG to a 2/2 multisig with Open Dollar founder Joseph and Credit Guild founder Kirk.

The co-incentives pilot program will take place over two four week epochs, the first epoch will begin on Friday, June 14. 750 ODG will be distributed to lenders of OD following the end of each epoch, along with a match of 111500 GUILD tokens. Distribution will be calculated based on a user's average % of total OD deposits on the Credit Guild over the course of the epoch. This matching is on top of the existing GUILD rewards rate for Credit Guild users which is weighted by utilization.

The Credit Guild team will provide the distribution script as a queued transaction to the Incentives Distributor Multisig, which the Open Dollar team can validate before executing.

Final Votes

Quorum

25.17K of 20K

Majority support

Yes

For

25.17K

Against

0

Abstain

0

Final Votes
Status

Wed Jun 12, 04:17 am

Draft created

Wed Jun 12, 10:31 pm

Published onchain

Mon Jun 17, 08:25 am

Voting period started

Wed Jun 19, 08:25 am

Voting period ended

Sun Jun 16, 05:46 pm

Proposal queued

Mon Jun 17, 06:09 pm

Proposal executed