Summary

Should ORE launch a boost incentive for USDC-ORE liquidity?

Overview

Our mission with ORE is to create the best digital gold product in crypto. To accomplish this, we need to drive deep liquidity for ORE across a variety of assets in Solana defi.

USDC is a stablecoin, pegged to the US dollar, and fully-backed by dollars and treasuries held in US banks by Circle. It is one of the lynchpin assets connecting Solana to the traditional financial system. It therefore represents a strategically important market for ORE to target with liquidity incentives.

With the passing of this proposal, we would launch a USDC-ORE vault on Kamino and set it up with the same boost multiplier as the ORE-SOL Kamino liquidity pair.