Hello,
This is the forum discussion for Pact’s xGov proposal which can be found here:
We greatly appreciate your review, comments, and support. This will immensely help our team.
Thank you all in advance 
5 Likes
I really like this proposal. It seems that most of the staked ALGO is allocated to the POW token. I’m curious if some of the grant rewards might also be directed toward the POW token.
1 Like
We are building a yield tokenization platform and using Pact’s StableSwap contract that was opensourced last year through xGovs. I think there is value in opensourcing the CCLP as well for future builders.
Looking forward to the concentrated liquidity pool Pact is working on.
One note, I think it would help to have an example deployment script and basic readme.
3 Likes
Check out the Biatec DEX - the first concentrated liquidity AMM on Algorand - https://docs.dex.biatec.io/
1 Like
I’m personally supporting this proposal for multiple reasons, to name a few:
1.) As a project owner that is supplying liquidity for their token one always looks at ways to offset the associated losses as much as possible - this pool type accomplishes that in a smart sustainable way without overly relying on external additional token rewards.
tbh today i wouldn’t encourage algo/asa LPs in general, but would suggest stable/asa instead - but that’s another story…
2.) The team is an OG, doing the best they can whit limited resources (as anyone without AF subsidies in this eco) so i know these funds will go a long way helping keep the lights on.
3.) You’ve asked for a reasonable amount even though you could probably cheese for more, because let’s face it, either you get support or you don’t(sum itself is not the biggest factor, if not completely unrealistic) - i personally would suggest to you to increase the amount asked as the sliding quorum together with increased max ask now represent easier/fairer way to pass your proposal, but it’s ultimately your own decision)
4.) Not sure how many people will use/reuse these pools SCs - but if nothing else, it will serve as training material for LLMs to get better for AVM stuff
Good luck and thank you for sticking around!
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5 Likes
Support all the above points.
1 Like
Thanks!
As far as grant going towards rewards/POW - we honestly need all the cash on hand as possible. That being said, it will see some small flows because we do monthly token buy backs at 10% of revenue post expenses. This will help our bottom line.
Awesome to see someone using some of our code! Looking forward to digging deeper into your project here soon. Thanks for the support
As always Simon, I appreciate your long term support for us. I agree with all your points and the side note on liquidity diversification is very important and something we are trying to encoruage more.
Updating the ask may be appropriate - I wanted to see what others thoughts were. Is it possible to update even post submittal? Ill have to take a look. I appreciate the insight..
Thanks my friend
If important changes occur—such as a change in the requested grant amount—the proposal must be resubmitted. This is presumably because parameters such as the discussion period and the voting threshold required for approval vary depending on the requested amount.
1 Like
CCLP are a great, novel solution leverging staking rewards!
Regarding the proposal itself, are there any tests or documentation (e.g. deployment instructions) available? This would make the proposal more inline with program’s T&Cs, ensuring a consistent, high standard for all submissions.
1 Like
Upon a more detailed check of the open-sourced repo, I noticed that some referenced helper libraries are missing from the repo. Would you mind including them?
Also, do I understand correctly that the CCLP smart contracts themsleves do not distribute the ALGO that is earned through staking but the whole amount goes to the treasury account? So distribution of earned staking rewards is then done manually from the treasury account?
2 Likes
Hey!
Sorry - I didnt see this last comment here.
In regards to test documentation/ Helper libraries, I just pinged my Dev we can ensure that is available.
You are also correct in that CCLP does not automatically distribute and you must manually distribute earned staking rewards from the treasury account.
Cheers!
1 Like
Updated. Please let me know your thoughts or if anything else is needed!
Thanks for adding the missing files!
For the rest, i.e. tests, documentation, and deployment instructions, could you perhaps add it in a similar way as other proposals with smart contracts have done it?
sure let me talk with dev and see what he says
1 Like