Dissolve 50% of the remaining BCT/USDC LP from the treasury to bolster reserves.
The justifications for disbanding BCT/USDC LP over time have been laid out in KIP-13. In summary, the pool use and growth have declined, meaning the resources within have better use elsewhere. This KIP is a continuation of that effort to decommission the BCT/USDC pool.
Unlike previous dissolutions, the resulting tokens from this dissolution will be held in reserve until an appropriate tactical or strategic initiative is passed via a future KIP to allocate them.
The Policy Team is also coordinating with the Engineering Team to ensure all of our operational systems (UI, Dune dashboards, Subgraphs) are prepared for the BCT/USDC pool to be fully deprecated in a subsequent KIP.
Dissolve 50% of the current USDC/BCT LP pool, resulting in
~4 million USDC and
~2 million BCT.
- The USDC obtained will bolster the treasury’s tactical reserve of stablecoins, enhancing optionality for the protocol
- The BCT obtained will provide additional reserves to back KLIMA, extending the staking reward runway and bolstering CC/KLIMA.
The informal forum poll begins now and will end on June 14th. Assuming in favor, this vote will go to Snapshot.