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Vote Incentives Market
Spiral DAO strives to become the primary buyer/seller within the vote incentive marketplace and aims to make it as rational as possible. All liquidity in the DAO will be POL (Protocol-Owned Liquidity), and the DAO will seek gauges for all important protocols. POL + gauges allow Spiral to collect the majority of emissions from the bribes market directly into the Treasury DAO.
Vote incentives markets are an essential instrument for Spiral to sustain a desirable proportion of different assets. Spiral DAO "arbitrages" bribe markets to gain more yield, greater exposure, and rebalance the Treasury.
- 1.sell CRV votes on the vote incentive market for stablecoins
- 2.with those stables buy votes on Aura/Balancer vote incentive market
- 3.allocate those votes to the POL gauge
- 4.get an additional emission of BAL/AURA
Treasury rebalancing process visualization.
As a result of these measures, the relative portion of BAL-AURA tokens in the treasury will increase while the CRV portion decreases as it will use its own emissions-by-votes to get stables.
By engaging this mechanism, we create additional liquidity for the vote incentives market.
Thus, as a byproduct of how the Spiral DAO operates, it makes the vote incentives market more rational and efficient for all participants and protocols that engage in voting mechanics.