persistence

Prop 104: Create new WBTC/XPRT Weighted Pool on Dexter

Proposal

This proposal suggests creating a new WBTC/XPRT Weighted Pool on Dexter as follows:

Pool Parameters:

  • Pool Type: Weighted Pool

  • Pool Tokens: WBTC, XPRT

  • Token Weights: 50.00% WBTC, 50.00% XPRT

  • Pool Liquidity: 0.008010 WBTC,2250.000000 XPRT

  • Swap Fee: 0.30%

Additional Context:

Due to a configuration error in Prop 99 the Dexter Contract upgrade proposal, the proposal for the creation of the WBTC-XPRT pool failed. We have addressed this issue in Prop 103, a separate proposal to make the necessary configuration changes to the Dexter smart contract. With the fix in place, we are now resubmitting the pool proposal to create the WBTC-XPRT pool.

Benefits:

  • Building liquidity for the biggest asset (BTC) on the Persistence chain
  • Increasing alignment with Bitcoin for the chain that will soon be secured by Bitcoin
  • Expanding liquidity opportunities for XPRT paired with BTC
  • Offering new yield opportunities for liquidity providers on Dexter
  • Creating additional trading routes on Dexter

Voting

  • By voting YES you agree with the proposed creation of the new WBTC/XPRT Weighted Pool on Dexter, following the specified details.
  • By voting NO, you disapprove of the proposed pool creation.
  • By voting ABSTAIN, you contribute to the quorum but formally decline to vote either for or against the proposal.
  • By voting NO WITH VETO, you consider this proposal spam, malicious, or harmful and want the depositors penalised by burning their deposit.