Hi there. I am Simone, member of Giveth DAO. I am reaching out to temperature check the potential interest of Radicle DAO in participating in the creation of a “Public Goods” pool on Balancer.
Several public good DAOs have expressed interest in participating in a shared liquidity pool on Balancer.
Details of pool weights and participants are fluid, but with support of this proposal, Giveth is reaching out to potential partners to solidify this idea.
Some of the DAOs we are considering for this initiative are: ·
· Balancer (BAL)
· DappNode (NODE)
· Optimism (OP)
· Ethereum Naming Service (ENS)
· Aragon (ANT)
· Bankless (BANK)
· Gnosis (GNO)
Rad community is welcome to suggest other DAOs that could fit a Public Goods pool.
DAO-2-DAO token swaps are an excellent way to align like-minded DAOs while simultaneously generating sustainable liquidity. While 1-to-1 token swaps are a powerful tool, Balancers extension of the x*y=k model allows for up to 8 tokens in a single pool.
As Kirill Naumov notes in his article Back to the Basics, Balancer “can also be thought of as an index protocol, where the token weightings are set to specific percentages of a pool and arbitrageurs ensure that weighting is maintained”
Some more context about the initiative can be found in our forum:
Could Radicle DAO be interested in allocating a share of its treasury to fund this Balancer Public Goods Pool ?