Stabila Funding Request: Aave Liquidity & Incentives

Governance Governance Proposals
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Thanks @LuukDAO and @Thylacine for the question,

We are looking at a three-year time horizon for liquidity provisioning:

  • 1M CELO will be deposited into Aave to support CELO market liquidity.
  • 1M cUSD to be deposited into cUSD or swapped and deposited into other stablecoin assets such as USDC or USDT, depending on supply caps and liquidity contributions from other ecosystem partners.
  • The remaining 1M CELO will be used for incentives.

At the end of the three-year period, the 1M CELO, 1M cUSD, and any accrued lending interest will be returned to the Celo Community Fund

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