Proposal for Additional Funds to Use as Capital in Omen Markets
As part of the initiative to bring more awareness to Omen, DXdao wants to ramp up Omen markets. It will be beneficial to use additional DXdao capital to provide liquidity to markets.
The Omen Competition is Live and can be found here:
At the completion of the competition, the goal is to have at least ten awesome markets that DXdao will create and fund.
This post introduces the discussion around a proposal to request additional funds from DXdao to be used for liquidity into markets on Omen xDai and mainnet.
There are also a handful of other initiatives around markets to bring more awareness to Omen.
Omen Squad is currently funding markets on Omen, but has a series of upcoming markets that would benefit from using additional capital.
A summary of some of the upcoming known market ideas would be related to:
- Omen Competition market winners (10 x $5k = $50k)
- UEFA Euro 2020 markets (36 x $3k = $108k)
- A series of ETH flippening markets (12 x $5k = $60k)
- Other ideas that come up ($32k)
Send 250,000 DAI to Omen Squad multisig to be use for liquidity capital in Omen markets on xDai and mainnet.