[PROPOSAL] BeatDAO in the DeFi world

Creatives
1

Hello!

One of the goals of each DAO in the ecosystem is self-sustainability, in order to accomplish it BeatDAO sees the opportunity in the Defi as the first step towards that goal.

BeatDAO aims for a few positions in various LPs on Ref Finance, starting with:

  • FLX/wNEAR (July)
  • PEM/wNEAR (August)

Flux Protocol ($FLX) is the trustless data layer for web3. Flux is a cross-chain oracle that provides smart contracts with access to economically secure data feeds on anything.

PembRock ($PEM) Finance is the first leveraged yield farming application on NEAR Protocol. Benefit from greater liquidity for larger yields on the NEAR blockchain!

We’re looking forward to using the PembRock as a yield optimizer for our LP tokens in the near future, once they’ll go live.

Strategy for FLX/wNEAR:

  1. Swap $300 into FLX and add the liquidity to the FLX<>wNEAR poll - $300 in NEAR & 300 in FLX
  2. Deposit LP tokens into the farm to stake, in order to get $FLX and $NEAR
  3. Claim rewards at the end of the July
  4. Deposit $REF into staking - Ref Finance (selling 30% into the stable coin and deposit to a DAO once we will see a significant “pump”)
  5. Send $FLX to BeatDAO Treasury (selling 30% into the stable coin and deposit to a DAO once we will see a significant “pump”)
  6. All txs are going to be made by beatdao.near

Summary:
DEX: Ref Finance
Wallet: beatdao.near
LP: FLX-wNEAR
Requested Amount: $600 ($300 in FLX/$300 in NEAR)

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