The Osmosis Pool 1344 LP DAO (OP1344) has been created to provide a platform for people who want to earn by providing liquidity in Pool 1344 on Osmosis.
The Page Token Source 1 SubDAO of PageDAO has been updated and tasked with administrating liquidity mining incentives as well as governance by proxy.
The goal here is to do something new. At OP1344, want to facilitate $PAGE token liquidity as an organization aligned with PageDAO by default, but if we used the Osmosis gauge contracts to issue LP Mining Incentives, we would not be able to administer voting privileges on behalf of LPers.
DAODAO staking rewards contracts are a powerful addition to the platform and enables PageDAO to solve the LP Miner's representation problem by providing an independent DAO contract (Osmosis Pool 1344 LP DAO) and a PageDAO official proxy contract (Page Token Source 1 SubDAO).
The primary risk of establishing a DAO to administrate staking rewards in a low liquidity market is that someone will attack the system by buying a lot of LP shares and then send all of the rewards tokens to their own address, perhaps winning a profit by so doing.
PageDAO's solution is to leverage the trusted team members of Core Team on a multisig to control stakes and governance.
Osmosis Pool 1344 LP DAO doesn't need veto lock if only one week's supply of $PAGE is in the smart contract at any given point, thus the plan here is for Core Team to act as a two-way proxy, passing governance directives back to PageDAO from the Pool 1344 DAO and passing tokens from staking rewards in the main PageDAO contract back to GAMM-1344 stakers in the Osmosis Pool 1344 LP DAO.
Though labor intensive to start, if this process is a success it can be automated via smart contract.
Welcome to the grand experiment.
