The DeFi Collective - BOLD Liquidity Initiative: Maximize BOLD footprint on L2s

3008 BOLD total were received this week.

=> 1504 bridged to Base: 1004 bribes for BOLD/USDC & 504 for BOLD/LUSD

=> 1504 bridged to OP and permalp’d

3155 BOLD receive from PIL this week:

1577 BOLD bridged to Base and posted as bribes

1577 BOLD bridged to OP and sent to permaLP wallet and supplied:

The Collective received 2658 BOLD from PIL this week

1330 BOLD bridged to Base and posted as incentives

1330 BOLD bridge to OP, paired with 1187 LUSD and permaLP’d

To note: a new pool was created and co-supported with BottoDAO - BOTTO/BOLD - check here for more information on the arrangement -

https://snapshot.box/#/s:botto.eth/proposal/0x5cfd99ffd972deda404cbcd719f467a155fe3f5c3a66dc87fb2dff6ee4255b33

1 Like

1063 BOLD bridged to OP, and permaLP’d with 783 LUSD

1063 BOLD posted as vote incentives for BOLD Aerodrome pools:

GM
2406 BOLD were received for our PIL initiative this week

==> 1203 bridged to OP, paired with 909 LUSD and permaLP’d

==> 1203 bridged to Base and allocated as bribes for BOLD pools:

  • 700 BOLD for sAMM_BOLD/USDC
  • 250 BOLD for sAMM_BOLD/LUSD
  • 253 BOLD for vAMM_BOTTO/BOLD
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GM Bolders

2226 BOLD received this week

1113 BOLD matched with 829 LUSD and permaLP’d on OP
=> OP Mainnet Transaction Hash: 0xd3a036195f... | OP Mainnet Etherscan

1113 BOLD allocated as voter bribes on relevant Aerodrome BOLD pools (BOLD/USDC, BOLD/LUSD, BOLD/BOTTO)
=> Base Transaction Hash: 0x3ad25115eb... | BaseScan

1 Like

1692 BOLD were received from PIL this week

=> 846 BOLD bridged to OP, paired with 710 LUSD and permaLP’d

=> 846 BOLD bridged to Base and supplied as incentives to BOLD-related pools

1 Like

2331 BOLD were received for the TDC PIL Initiative this week:

=> 1068 were briged to Base and posted as vote incentives:

=> 1165 were bridged to OP, paired with 1091 LUSD and permalp’d

1 Like

1502 BOLD were received this week for PIL

=> 751 BOLD bridged to OP, matched with 700 LUSD and permalp’d

=> 751 BOLD bridged to Base and allocated as vote incentives on BOLD related pools:

GM BOLDers

1555 BOLD were received from the Collective PIL initiative this week

=> 778 BOLD bridged to OP matched with 952 LUSD and permalp’d

=> 778 BOLD bridged to Base and allocated as vote incentives for BOLD-related pools

GM Bolders

1806 BOLD from PIL received this week

==> 803 bridged to OP, matched with 900 LUSD and permaLP’d

==> 803 bridged to Base and supplied as vote incentives for BOLD related pools

1831 BOLD received from PIL

  • remaining from previous weeks = 2032 BOLD to deploy this week

1016 bridged to OP and permaLPd

1016 bridged to Base and supplied as vote incentives on BOLD related pools

1 Like

1912 BOLD received from PIL this week

NEW DEPLOYMENT STRATEGY WARNING

With over $100k accumulated as Velodrome_BOLD/LUSD perma liquidity, which is sufficient to secure a baseline on this chain, we now moved the permaLP accumulation to Aerodrome_BOLD/LUSD, which yet another $100k target (~0.8 year at current pace)

### Funds deployed

906 BOLD bridged to permaLP/Base => 1368 BOLD + 1321 LUSD permaLPd (excess from TDC reserves)

906 BOLD bridged to grants/Base and deployed as vote incentives on BOLD related pools

GM Bolders

774 BOLD bridged to Base and posted as vote incentives on BOLD related pools

774 BOLD bridged to Base, matched with 638 LUSD and supplied as perma liquidity for Aero_sAMM_BOLD/LUSD

1664 BOLD from PIL received this week

==> 832 BOLD bridged to Base, and supplied as incentives on BOLD related pool

==> 832 BOLD bridged to Base, paired with 1024 LUSD and permalp’d

GM BOLDers,

1500 BOLD were received from PIL this week

=> 750 BOLD posted as incentives on Aerodrome BOLD-related pools

=> 750 BOLD matched with 769 LUSD and permaLP’d on Aero_BOLD/LUSD

GM Bolders

Weekly Deployment

1448 BOLD from PIL were received this week:

724 BOLD bridged to Base and allocated as vote incentives for BOLD related pools

724 bold bridged to Base, sent to permalp.deficollective.eth, paired with 727 LUSD and permaLP’d

Initiative Results Overview

Since the initiative have been running for a while now, I just wanted to give you some more figures on what has been achieved:

  1. Permanent liquidity baselines for BOLD on Velodrome and Aerodrome:
  • $102.4k of permanent liquidity in Velodrome’s BOLD/LUSD pool (which is sufficient, we moved the allocation to :backhand_index_pointing_down:)
  • ~$10k of permanent liquidity in Aerodrome’s BOLD/LUSD pool (growing at a pace of ~$6k/month)
  1. Strong and sustained pools for BOLD on Velodrome and Aerodrome

While the overall L2-liquidity-TVL is lower than the peak that was reached a few months ago, our strategy has been designed to weather the storms, and demonstrated it can: despite tough broad market conditions, depreciating VELO/AERO prices, and the withdrawl of veVELO/veAERO voting support previously offered by friendly whales, the pools still sustain:

  • On Aerodrome/Base: still $844k of liquidity in total in BOLD-related pools
  • On Velodrome/Optimism: $588k of liquidity in BOLD-related pools

Altogether, that is 1.4M of liquidity for BOLD (=> ~700k BOLD minted because of this) sustained in the extremly adverse market conditions, on a budget of ~$1500/week, $112k/1.4M are not supported through incentives, but permanently captured, securing a baseline always available for BOLD swappers on Base and Optimism.

The Ants of the Collective thank you for your unweathered support, and are honored to be doing their part to support the most resilient stablecoins.

GM Bolders,

The Collective received 1521 BOLD from PIL this week:

760.5 bridged to Base, paired with 760 LUSD and supplied as permaLP:

760.5 allocated as bribes on Aerodrome BOLD-related pools:

1809 BOLD received from PIL this week

904.5 BOLD allocated as vote incentives on Aerodrome BOLD-related pools:

904.5 BOLD paired with 850 LUSD and permaLP’d

GM BOLDers

2083 BOLD received from PIL this week

1041.5 BOLD bridged to Base and allocated as vote incentives to BOLD related pools

1041.5 BOLD sent to permaLP, matched with 944 LUSD and supplied:

Merry Christmas