Summary/Scope:
a. The aim of this proposal is to launch Wagmi and its products, excluding GMI, on the Base network.
b. The intended action includes the deployment of V3 CLAMM, Strategies, and Leverage on Base, alongside the enablement of farming contracts.
c. The main objectives are to capitalize on the growth of the Base network and to provide stable yields to users through farming contracts.
Main Points:
• Base deployment of V3 CLAMM, Strategies, and Leverage.
• Base would be the first network to have enabled Farms, which will be launched at a later stage.
• Proposal to enable deployment of farming contracts on all networks deemed suitable and beneficial to the protocol.
• Utilization of minting Wagmi tokens for the treasury to be used exclusively for leverage incentivization on selected networks based on protocol fees arbitrage.
Motivation for Proposal:
• Users: Access to stable yield based on single-sided deposits, enhanced leveraging opportunities, and exposure to a growing network.
• Protocol Treasury: Increased fees earned from leverage, outweighing the downside of newly minted tokens.
• Base Network: Enhanced ecosystem with additional DeFi products and user engagement.
• Deployment of V3 CLAMM, Strategies, and Leverage on Base.
• Enablement of farming contracts to provide stable yield.
• Minting of Wagmi tokens to the treasury for leverage incentivization.
• Strategic selection of networks for deploying farming contracts.
Contracts/Technical Requirements:
• Deployment of V3 CLAMM contracts on Base network.
• Deployment of Strategies and Leverage functionalities.
• Deployment of farming contracts at later stages.
Timeline:
• Deployment on Base network will be done within 48h after/if this proposal passes.
• Snapshot vote: 48 hours after the forum post, which will go on for 48 hours.
Please share your thoughts and feedback on this proposal.