# \[READY\] \[GF: Phase 1\] Overnight.fi

**URL:** <https://gov.optimism.io/t/ready-gf-phase-1-overnight-fi/2816>\
**Category:** Governance Fund: Phase 1\
**Tags:** cycle-3\
**Created:** [June 27, 2022, 2:43pm UTC](https://gov.optimism.io/t/ready-gf-phase-1-overnight-fi/2816 "2022-06-27T14:43:22Z")\
**Posts on this page:** 1\
**Showing post:** 24

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**Author:** ![OPUser](https://dub1.discourse-cdn.com/bc41dd/user_avatar/gov.optimism.io/opuser/32/179_2.png) [@OPUser](https://gov.optimism.io/u/OPUser)\
**Post date:** [July 10, 2022, 9:49am UTC](https://gov.optimism.io/t/ready-gf-phase-1-overnight-fi/2816/24 "2022-07-10T09:49:06Z")

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> [@Max\_plus](#):
>
> the yield is paid in USD+, but not as a reward, but as a USD+ balance increase in the LP

> an important point: we would love to offer co-incentives, however, our governance token does not exist yet. hence, we attract users by offering yield in LPs

Thank you for mentioning this, I understood this when I read the proposal for first time and realized that co-incentive section is not clear and that is why i was asking lafe for more information. As I understood, your project offer yield on LPs(on stable-coin pair) with rebase mechanism and OP will be an added reward.

and I am fine with no co-incentives as its not mandatory and highly project dependent criteria , but giving 250K OP just as a LP reward is not a good idea as I believe it will only bring sort term liquidity.

One suggestion, from the comment it seems you will be live on OP chain in few days/weeks, once live, submit the proposal again with metric on op chain as it might support your proposal.

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_[View the full topic](https://gov.optimism.io/t/ready-gf-phase-1-overnight-fi/2816)._