Proposal 2: Chain Plans

Proposal

This proposal authorizes the Smol team to use the newly minted SMOL for short-term bonds to seed liquidity on L1 for SMOL-ETH.

Rationale

The Treasure team is facilitating liquidity for SMOL-MAGIC on the Treasure Chain. Moreover, because zkSync chains are interoperable, the Smols will be connected to promising new chains like Abstract.
We suggest L1 for DAO-owned liquidity for a few reasons:

• L1 has some of the most diehard memecoin communities in Ethereum.
• It has a proven market for both memecoins and NFTs, with Smols falling in both camps.
• MAGIC will also have a presence on L1, making it easier for Treasure and Smols to force-multiply each other.

Lastly, this proposal is a one-way door. The LP token will be transferred to the DAO. If the community decides to move to Base or somewhere else, they can do that.

Relationship with Proposal 1

If this proposal passes and proposal 1 fails, then this proposal will go unenacted as well because there will be no tokens with which to create a bonds program for seeding liquidity.