GDR #004: Souq NFT AMM for our On-Chain ETF Product | Gasdrop proposal

Ken
Mon, 21 Aug 2023 21:08:20 +0000
OGRs - DIA Oracle Grant Requests

Souq Oracle Gasdrop Request

Project Overview

Project Name: Souq

Project Website: https://www.souq.finance/

Project use case: On-Chain ETF with yield-generating DeFi protocol governance tokens in the near term and tokenized real world bonds in the medium-long term. DIA oracles are required to operate the NFT AMM which serves as the exchange for these ETF shares.

Oracle Use: Spot prices of underlying assets are supplied to the AMM’s bonding curve.

Request for DIA Oracle Gasdrop Program

Our project, Souq, is currently building an NFT AMM on the Arbitrum network. We would like to participate in DIA’s Oracle Gasdrop program to operate our AMM as described above in this proposal.

We understand that approval of this request requires a vote with more than 50% of YES votes from the holders of Arbitrum, DIA, and our project’s tokens. We are committed to providing any additional information required for the voting process.

Thank you for considering our request.

The Souq team