# \[DRAFT\] \[GF: Phase 1\] Liquity

**URL:** <https://gov.optimism.io/t/draft-gf-phase-1-liquity/2893>\
**Category:** Governance Fund: Phase 1\
**Tags:** cycle-8\
**Created:** [July 6, 2022, 1:40pm UTC](https://gov.optimism.io/t/draft-gf-phase-1-liquity/2893 "2022-07-06T13:40:51Z")\
**Posts on this page:** 1\
**Showing post:** 22

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**Author:** ![TokenBrice](https://dub1.discourse-cdn.com/bc41dd/user_avatar/gov.optimism.io/tokenbrice/32/5969_2.png) [@TokenBrice](https://gov.optimism.io/u/TokenBrice)\
**Post date:** [November 30, 2022, 1:23pm UTC](https://gov.optimism.io/t/draft-gf-phase-1-liquity/2893/22 "2022-11-30T13:23:27Z")

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First posted in July, this proposal has received extensive community feedback, and the situation for LUSD on Optimism evolved, leading to a sizeable update of the copy:

- A new safe has been deployed to manage the OP grant, now included as the “L2 Recipient Address”.
- Liquidity incentives recentered around the LUSD/ETH pool.
- Updated LUSD market metrics
- Added mention of Stargate/LUSD released since: thus, the usage of OP as an incentive for bridge, the most controversial component of the proposal, has been removed.
- Added all missing entries required to match the template
- Other copy improvements

The goal was to prepare it for the Committee Review, hoping it would be included in one of the next voting rounds.

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_[View the full topic](https://gov.optimism.io/t/draft-gf-phase-1-liquity/2893)._