[AGIP 73] Liquidity Provision: Adding the $2.5M left in a Quickswap Pool

Author: Maxicrouton#1596 Gotchi ID: #13306 Quorum requirement: 20% (9M) Vote duration: 7 days XP Reward: 20 XP for each Aavegotchi in the voter’s wallet Discourse link: https://dao.aavegotchi.com/t/where-should-25-lp-allocation-from-curve-go/4739/3

Hello Frens!

Little summary of where we are in the $7.5 liquidity allocation from the curve closing.

What has been used:

• QUICKSWAP LM program : 160,000 GHST (taken from DAO wallet)
• BALANCER POOL : 2,580,000 GHST and 92,6022 USDC (taken from DAO wallet. (https://polygonscan.com/tx/0xae27fed433feac9a4eb8a73871fbf307de107255fdb0d0fa289c81d065adb8a6)

We already used about $5M for adding liquidity on Balancer and for the LM program on Quickswap, so we have about $2.5M DAI left.

From these $2.5M DAI left, I propose to use 50% of this amount to buy GHST, and pool it with 50% USDC in a Quickswap pool (Gamma V3). Increasing liquidity and cash flow for the DAO (through fees).

Concerning the schedule of swaps, all the swaps should be done in 2 months (constant swaps). I believe 2 months is appropriate. Not too long since the sooner we had liquidity the better it is for the DAO/ecosystem, and doing it in less than 2 months would dilute our own LM program.

Technical details for the DAO directors: Deploy a new "swap contract" (see AGIP 69) with the Liquidity wallet as owner Swap $1.25M DAI into USDC. (can be done in little chunks) Send $1.25M USDC to the contract. (can be done in little chunks) Wait 2 months for the swaps to finish. Add all the funds on the GHST-USDC pool (Gamma V3 Quickswap pool)