[RFC] GREEN stablecoin by Pickle Finance

Background theses:

1 Forking and modifying Liquity is impossible. Forking Liquity with change of the token name is easy.

2 ETH will be increasingly expensive to use, Optimism will be affordable

3 $500+m valuation for LQTY is generous, launch gave the team a decent stake

4 One of the biggest opportunities in DeFi is forking free-to-fork projects.

5 Low margin, fair launch projects gather attention.

Proposal:
Announce that Liquity is great but too expensive on ETH. Pickle Finance launches an exact copy fork on Optimism. Stablecoin GREEN backed by, let’s say, $TICKLE.
3% premine to DILL holders
99.9% kickback rate for the frontend, 0.1% split between DILL and Pickle Finance treasury

Announcement 1+ month before rollout. Wide information campaign that we will not do a YFI (notify after the launch and after we premine it). Fair launch. 97% of $TICKLE will go to community that bootstraps the fork.

What’s in it for Pickle?

  • 3% premine could end up very valuable
  • 0.1% fee from 99.9% kickback could end up being a significant revenue but is low enough to discourage others from offering 100%
  • traffic and publicity will draw people to pickle, make them learn about Pickle and maybe deposit

license - MIT, checked
Lee is fascinated with LQTY, I hope he’ll like the idea