The Craft DAO, the leading NFT marketplace of ICON, has recently decided to adopt bnUSD as the main rewards currency of our protocol (additionally from supporting bnUSD as payment). It means that all protocol revenues will be automatically swapped to bnUSD (through Balanced) before being transferred to stakers and the DAO fund.
We are currently testing this update on testnet. The Craft DAO and Balanced DAO share a lot of community members and some expressed the wish to be able to vote for CFT/sICX pair with their bBALN.
We’re currently incentivizing liquidity by distributing CFT to CFT/sICX LP weekly and we’d like to launch a new campaign of incentives for bBALN voters for the CFT pair. We feel that this incentives program is more aligned with Balanced vision, especially since the bBaln update. We are planning to unlock an incentive budget from our DAO fund to test the effect of this program on CFT liquidity before deciding on a permanent incentive model.
We’ll require to pass a network proposal to add CFT/sICX as a votable pool, we would be happy to hear your remarks and feedback on this subject.