Update xgov-81.md

algorandfoundation · Nov 2, 2023 · ab11666 · ab11666
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commit ab11666
Showing 1 changed file with 8 additions and 2 deletions.
diff --git a/Proposals/xgov-81.md b/Proposals/xgov-81.md
@@ -7,14 +7,20 @@ company_name: VoteCoin DAO
 category: Community
 focus_area: User Onboarding
 open_source: Yes
-amount_requested: 50000
+amount_requested: 32000
 status: Final
 ---
 
 ## Abstract
 Vote Coin DAO incentivizes low AMM LP fee pools so that the algorand ecosystem has better incentivization on better DEX aggregators and for end users the swap quotes between bitcoin, algorand and usdc are better.
 
-We request grant to increase the AMM liquidity. With 50k Algos received from this grant we will add 12.5k algo and 12.5k $vote to the Vote/Algo LP, we will add 12.5k algo worth of usd with 12.5k algo worth of $vote to the Vote/USDC LP, and we will add 12.5k algo worth of BTC with 12.5k algo worth of $vote to the Vote/BTC LP, and we will add 12.5k algo worth of gold with 12.5k algo worth of $vote to the Vote/Gold LP
+We request grant to increase the AMM liquidity. With 32k Algos received from this grant we will split it to 4 baskets equaly - algo, usdc, btc and gold. Vote coin DAO will add equal stake in $vote tokens and will increase the liqudity in the pools.
+
+We will increase these pools:
+- Vote/Algo - 8k algo plus vote token worth of 8k algo
+- Vote/USDC - USDC worth 8k algo plus vote token worth of 8k algo
+- Vote/BTC - BTC worth 8k algo plus vote token worth of 8k algo
+- Vote/Gold - ASA.Gold token worth 8k algo plus vote token worth of 8k algo
 
 ## Team
 Scholtz - Product owner. Active on <a href="https://forum.algorand.org/u/scholtz/summary">Algorand forum</a>, runs a few projects in Algorand ecosystem such as the <a href="https://www.vote-coin.com">VoteCoin</a>, <a href="https://www.a-wallet.net">A-Wallet</a>, <a href="https://aramid.finance">Aramid Bridge</a>, <a href="https://stabilitas.finance">Stabilitas</a>, <a href="https://www.asa.gold">ASA.Gold</a>. Has been winner in few hackathons, such as Algorand encode hack 2021, EUvsVirus, Swiss blockchain hackathon 2021, Bitcoin bankathon, Encode DAO hack, Algo HackJam, Greenhouse hack III, Mega Ace Hackathon, ...