Proposal: Token Swap with Meter

Relevant details and Forum Discussion: https://forum.ampleforth.org/t/proposal-from-meter-conduct-token-swap-with-meter/227

Summary

Meter proposes a token exchange between $MTRG and $AMPL to facilitate cooperation between the two parties.

• Meter project provides $50,000 of MTRG
• Ampleforth Eco Fund provide $50,000 of AMPL on Meter Chain

Purpose

Meter will launch AMPL-MTRG Liquidity pool and AMPL-BUSD flow pool on VoltSwap--Meter’s official launch DEX. The AMPL received will be used for liquidity mining rewards to AMPL LPs on VoltSwap.

Ampleforth will stake the MTRG tokens into the Bridge Fee Subsidy Program. The revenue earned by users will cover the Ampleforth protocol fees on the Meter chain, mainly the fees incurred by the cross-chain rebases.

Meter's Forum Thread and Snapshot:

• https://forum.meter.io/t/approve-meter-to-pursue-strategic-swaps-with-ampl/103
• https://snapshot.org/#/meter-mainnet.eth/proposal/QmQ6A2HDziKMGeaZfosbKy9Y2ay3RgZU2YfS8gAjxWD5eq