Protocol name: SPIRAL DAO
Gitbook: Deployed Contracts - Spiral DAO
Discord: Spiral DAO
Deployment request for COIL-FRAXBP gauge to active SDT incentives…
Spiral DAO is a Decentralized Autonomous Organization (DAO) dedicated to acquiring the most relevant and important DeFi governance tokens within a single community-controlled DAO Treasury. Similarly to yield aggregators (such as Yearn, Beefy, and Harvest), Spiral DAO aggregates liquidity, but instead of continuously selling reward tokens from third-party protocols, Spiral DAO redirects and secures them within the DAO, thus reducing the selling pressure and circulating supply of tokens of the protocols it supports.
During its Initial Token Offering, Spiral DAO acquired :
- 533,823.15 $SDT
- 955,853.94 CRV currently held in sdCRV
which are currently held in the Treasury Multisig : 0xc47ec74a753acb09e4679979afc428cde0209639
Spiral deposit COIL-FRAX LP and lock CRV on Stake protocols to benefit from the mutualized boosting power, the treasury positions also takes advantage of veSDT boost on Warden Boost lending.
On top of that, Spiral distributes voting incentives through Votemarket to capture more CRV emissions and supercharge the flywheel with Stake DAO.
In order to further increase its exposure to $SDT and alignment with Stake DAO, Spiral DAO requires adding the COIL-FRAX gauge to the veSDT governance framework.
- COIL-FRAX-f : 0xb85010193FD15aF8390dbD62790Da70F46c1126B
- COIL-FRAX-f gauge : 0x06B30D5F2341C2FB3F6B48b109685997022Bd272
Human resources: Minimal developer time needed
Treasury resources: No treasury resources needed
Add the COIL-FRAXBP curve strategy to SDT gauge
Admin: veSDT holders
Community feedback: 2 days minimum
Voting Duration: 3 days
- Yes, activate SDT incentives
- No, this is not the way