[DRAFT] [GF: Phase 1 Proposal] Abracadabra Money - Cycle #8

We were inspired by the Alchemix proposal and would love to have a structure similar to theirs whereby we preserve some portion (~20%) to give ourselves a say in some of the governance voting. If you think that’s too much, let us know and we can adjust it.

We’ll seed a Velodrome pool with a small amount of MIM/USDC protocol owned liquidity.

In the past, for non-ETH Curve chains, we’ve distributed bribes via a Sorbetierre on the abracadabra.money site. We will use our voting power on Curve to maximize protocol earnings and will redirect bribes appropriately across the different chains (depending on peg, liquidity need, etc.)

Ah, yes! We were recently forced to migrate ourselves to a more decentralized solution. You can find our blog at on Mirror (link)