Launch an ORK-FRAX dual incentivized liquidity pool on Fantom
Summary - Hi Frax Community! I am from Strudel DAO, and was encouraged by the core team to submit a proposal to the community for a dual incentivized liquidity pool between Orkan and Frax. Orkan was recently launched on Fantom by Strudel DAO. Orkan will act as a meta-governance protocol over liquidity flow within the FTM ecosystem with emphasis placed on Bitcoin accumulation.
Abstract - The partnership would ideally function along similar lines to the dual incentivized OHM-FRAX pool, with Orkan providing ORK and Frax providing Frax shares (FXS). Orkan would deploy ORK-FRAX bonds and offer ORK at a discount in exchange for ownership of said pool. Ideally we’d control a majority share of the pool and continue to expand liquidity. Frax would obtain (discounted) ORK through ORK-FRAX bonds.
Motivation - This arrangement could be mutually beneficial for both protocols. For Orkan, it’d allow us to gain more exposure and grow our liquidity. Frax would expand their liquidity and acquire an asset with potential for high appreciation and investment returns. Both tokens would benefit from increased demand as a result of the pool.
Orkan status- Since launch on Fantom, Orkan has partnered with SpiritSwap, Liquid Driver, and recently, Beefy Finance and Moonpot. Orkan has a boosted farm on SpiritSwap and recently received a vault from Beefy. A shadow farm is currently being developed by Liquid Driver and plans for a boosted farm are being discussed with Ola Finance.
Relatively low-risk and high-reward from exposure to Ork through Ork-Frax bonds.
Potential for considerable treasury growth.
Increased token demand and deeper liquidity pool.
Potential for lack of pool activity/adoption.
Potential for decrease in asset values.
https: // medium. com/ @strudeldao/orkan-protocol-directive-a59749ca2d4b
https: //orkan. finance/ #/dashboard