# \[DRAFT\] \[GF: Phase 1 Proposal\] Abracadabra Money - Cycle #8 **URL:** \ **Category:** Governance Fund: Phase 1\ **Tags:** cycle-8\ **Created:** [July 7, 2022, 5:46am UTC](https://gov.optimism.io/t/draft-gf-phase-1-proposal-abracadabra-money-cycle-8/2918 "2022-07-07T05:46:03Z")\ **Posts on this page:** 1\ **Showing post:** 28
**Author:** ![0xEdwardo](https://avatars.discourse-cdn.com/v4/letter/0/85e7bf/32.png) [@0xEdwardo](https://gov.optimism.io/u/0xEdwardo)\ **Post date:** [September 22, 2022, 9:14pm UTC](https://gov.optimism.io/t/draft-gf-phase-1-proposal-abracadabra-money-cycle-8/2918/28 "2022-09-22T21:14:39Z")
> [@Jadmat.Eth](#): > > What do you mean when you say “a percentage of these tokens will be delegated.” We were inspired by the [Alchemix proposal](https://gov.optimism.io/t/review-gf-phase-1-proposal-alchemix/3475) 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. > [@Jadmat](#): > > How is Abracadabra minting initial liquidity? We’ll seed a Velodrome pool with a small amount of MIM/USDC protocol owned liquidity. > [@Jadmat](#): > > Can the protocol use its voting power on Curve for optimism? 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.) > [@Jadmat.Eth](#): > > Hint: your medium doesn’t seem to work Ah, yes! We were recently forced to migrate ourselves to a more decentralized solution. You can find our blog at on Mirror ([link](https://mirror.xyz/0x5744b051845B62D6f5B6Db095cc428bCbBBAc6F9/RIUdN08yse7cU9rnuM3Wba4ENQFSSV9fzl56UJBE-B0)) --- _[View the full topic](https://gov.optimism.io/t/draft-gf-phase-1-proposal-abracadabra-money-cycle-8/2918)._