APGP 5: How to manage the current APW liquidity with the Toke votes ?

Summary: Decide how to manage the TOKE votes to deploy some liquidity on Tokemak.

Context: The discussion started on April 5 by @CoolGuy who proposed to vote for redirecting the liqudiity on Tokemak to the Sushi AP/ETH LP.

However, Tokemak informed us that to be proactive with our votes (because we didn’t voted) they deployed the some liquidity possible capped to their reserve, which represent 740K APW + 214 ETH as showed above. Some holders also removed liquidity in the past days. Finally a few days ago, there was an increase of the liquidity deployed up to 1.2M APW + 308 ETH, representing 95% of the APW/ETH Sushi LP, related to the 0.5x multiplicator.

The new state of the liquidity is the following : Sushi APW/ETH : 1.87M$ ( 95% is deployed by Tokemak) Uni APW/ETH: 19.5K$ Bancor (soon) around 800K$

This push the current liquidity to 2.69M$.

Rationale: This proposal aims to let the DAO decide if we should reduce the liquidity or keep it as it is.

If the DAO decide to reduce the liquidity, we will ask Tokemak to withdraw the deployed liquidity and add it progressively by tranches of 200K$ each week by voting. If the DAO decides to keep the liquidity as it is, there is nothing to do beside actually voting for the full deployment once

It’s not possible for now to increase the liquidity on Tokemak, however we can think about a way to increase the protocol owned liquidity on another proposal.

Means: None

Technical implementation: Ask Tokemak to withdraw the deployed liquidity if voted Vote weekly to add progressively the liquidity if this option is voted

Voting options: Reduce the liquidity on Tokemak Keep the liquidity as it is Abstain