Hi everyone, I just wanted to drop you all a heads up, after some discussion on our discord we’ve come up with a proposal to use a long-dormant wallet to inject liquidity in FolksFinace and Dorkfi platforms.
The hard part will be whipping up the forun votes to get this to move forwards to an on-chain vote.
As such I thought it a good idea to drop a link to it here in the hopes that any of you that are also around on the forums/active in tinyman’s ecosystem could drop in and vote/weigh-in.
I’ve long been a big advocate for more cooperation among Algorand’s defi and this seems a pretty low-risk prospect for all parties involved. It would roughly double the total Tiny deposit in FolksFinace currently if passed.
Just a quick update:
After some internal discussion by the Tinyman team, a slightly modified proposal is up for a vote now.
To avoid simply flooding Folks with Tiny, we have a proposal for a vote to do this in stages and reevaluate as needed. As before this proposal will need forum approval before we move on to an on-chain vote.
Please read and vote on a more detailed proposal above.
For anyone who’s also a tinyman gov:
Do consider reading this over as well, as a number of us have discussed how our current forum approval process tends to move a little slow to get measures to a full on-chain vote.
If I recall Folks Finance did receive a portion of the tiny airdrop and locked it into governance so the Folks team’s thoughts on this and forum votes are appreciated.