This proposal, if approved, will:
- swap
69,000 DOT for GDOT
- borrow
143,000 PRIME (will be repaid after follow-up referenda accumulate the necessary PRIME)
- transfer the PRIME to the Supply & Borrow rewards pot
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- transfer
90,243 GDOT to the Supply & Borrow rewards pot
- claim outstanding Supply & Borrow rewards belonging to the Treasury
- transfer those rewards back to the Supply & Borrow rewards pot
This proposal needs to be executed before another referendum to follow on the Economic Parameters track executes - I am submitting this proposal first so that we can be sure it executes first.
The 90,243 GDOT also cover a shortfall in the existing incentives owed to LPs (around 55K GDOT).