Pact Fi Consensus Compatible Liquidity Pools | xGov

Pact Fi Consensus Compatible Liquidity Pools

Consensus Compatible Liquidity Pools (CCLPs) are a Pact exclusive product which allows for ALGO composed liquidity pools to participate in consensus. This allows for them to not only earn swap fees, but now help secure the network and earn block rewards, giving greater composability and utility to the standard LP. With this product, Pact has been able to bring millions of ALGO online and earn over 100,000 ALGO for our liquidity providers. Now open source, this allows for existing or new projects to easily deploy these pools!

You can find the relevant Github repo here: https://github.com/pactfi/CCLP

150,000

DeFi

Retroactive

Proposal Funded!

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Upvotes 480,959 Abstains 1,383 Downvotes 4,532

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Majority Approved

About the team Andrew (Shaman) Kotulak - CEO of Pact.Fi - I have been in the community for almost 6 years, contributing in a large variety of ways to the growth of the ecosystem. Still the largest Algorand Discord Community, responsible for connecting Builders, Investors, Artists, and the Foundation alike. I was responsible for the 2x AlgoFest, the largest community held event showcasing projects within the ecosystem through a day long virtual event. I was also Head of DeFi at Humble DeFi, navigating the company until I officially took over and merged the company with Pact. I am a University of Michigan Alumni, with a BA in Finance. I am very passionate about financial markets, with decades long experience in various capacity and across a variety of projects.

Einn - Our new CTO, Einn has been developing for over 15 years, and is experienced in running IT Companies with a particular focus around creating efficient and sustainable operations. He has been in Algorand for around 5 years, and is leading our development with a current focus on the Governance Platform, a new Pact website, and a CLMM.

JR Howard - CFO - an experienced CFO with over 30+ years experience across dozens of companies providing his services. He has been with our team since the beginning of Humble Days.

Additional Info We want to thank our users & the Algorand community for consideration around this proposal. Myself, Shaman, are always available for any questions around this proposal, Pact, or Algorand in general. With your help & support, this allows us to continue to innovate and grow DeFi on Algorand.

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Created By community.pact.algo // 7 months ago

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