ADP-003: Establishing of a Liquidity Pool

Note: Due to a rising interest in DeSci, we have been advised to expedite the approval of this proposal and launch the Liquidity Pool tomorrow (Dec 1st), capitalizing on the momentum generated.

–

Proposal Overview

We propose the creation of liquidity pools as a pivotal step in enhancing the growth and accessibility of the AthenaDAO ecosystem. Liquidity pools play a critical role in providing trading options for our community members and token holders, thereby fostering a more liquid marketplace.

Expectations

• Price Volatility: Just like any newly introduced asset in the open market, AthenaDAO's ATH token may experience initial price volatility. This natural fluctuation is a result of the process of price discovery, changing supply and demand dynamics. Our intention is to launch ATH at a fair market price of $0.1585 USDC/ATH, a value established during the recent token auction.

• Ecosystem Expansion: We anticipate that as ATH becomes tradable, there will be an influx of partners, contributors, and voters in our governance process. This expansion is a vital step in our continuous commitment to achieving true decentralization within our organization and operations.

Impact

• Current ATH Token Holders: Individuals who already possess ATH tokens may witness changes in token value and increased liquidity.

• The broader AthenaDAO Community: As ATH joins the broader crypto market, it contributes to the ongoing narrative of AthenaDAO, its role in supporting translational research, and its position within the global crypto economy. We firmly believe that expanding AthenaDAO's offerings will help solidify the field as a viable alternative to traditional research funding and translation.

Liquidity Pool Details

• Trading Pair: The trading pair for our liquidity pool will be ATH/ETH. This ensures that traders can easily swap between Ether and ATH.

• Platform: The initial ATH/ETH liquidity pool will be set up on Uniswap v3.

• Liquidity Setup: We will initially seed the pool with ~400k USD in liquidity. This will be roughly 100k USD in ETH and 300k USD in ATH.

• Liquidity Provision: Initial liquidity will come from the AthenaDAO multisig and from Molecule. AthenaDAO will put in 50k USD in ETH and 150k USD in ATH. The rest will be put in by Molecule.

As ATH enters this exciting new phase, our top priority is to ensure a seamless trading experience for our community. The creation of strong liquidity pools is a pivotal milestone on our journey, serving as a cornerstone in our efforts to facilitate trading for all ATH token holders.

Important Notice

The ATH Tokens are not intended to constitute securities and/or collective investment units in any project, platform, association, company, or entity of any kind.

Participants do not receive any form of dividend or other revenue rights, nor does represent any participation in a profit-sharing scheme.

Athena DAO makes no warranty or representation, whatsoever, with respect to the tokens and the nature of the tokens, including, but not limited to any:

• Warranty of merchantability
• Warranty of fitness for a particular purpose
• Warranty of title
• Warranty against infringement of intellectual property rights of a third party
• Price and price volatility
• Token supply and availability