OMFG-004
LIVE
Likelihood
Proposer: @rakka_sol
Requested: 20,000 USDC
Recipient: Core team multi-sig
Purpose: Strategic ecosystem investment
This proposal requests approval to deploy 20,000 USDC from the Omnipair treasury as a strategic ecosystem investment.
Omnipair will act as the liquidity venue for tokens launched on Spark, a new hackathon-focused launchpad.
Their model works as follows: users submit and fund ideas they believe in. Once a goal is hit, a token is launched and builders then compete in a hackathon, with futarchy-based decision markets determining the winner to take the project forward.
The proposed 20,000 USDC budget will be allocated to fund the top three ideas to be built on top of Omnipair that will be valuable in growing the protocol’s ecosystem.
Budget Allocation:
Concept 1 - 10,000 USDC
Concept 2 - 5,000 USDC
Concept 3 - 5,000 USDC
Important Notes:
Each funded concept is fully backed by its treasury at launch - if it raises 10,000, its token launches at a 10,000 valuation. That means:
This structure reduces the risk for this proposed allocation and ensures that each investment is justified by the broader market.
Spark is an iteration of one of Omnipair's earliest partners and their new model enables us to deploy capital funding three potential teams building products leveraging Omnipair’s infrastructure.
The factors that make this a sound allocation:
Upon proposal passage:
All funded projects will build on and deploy through Omnipair's open-source codebase. Project outcomes are made public by Spark at the close of each hackathon cycle.
If pass, I would like to...
If pass, I would like to...
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