BIP 74. Treasury Controlled Liquidity for Badger
TL;DR:
- Establish Treasury Controlled Liquidity on Uniswap V3 to cover the (0; + infinity) range of Badger/WBTC price.
- At 0.0005 Badger/WBTC price, the model would require 254.85 BTC to cover an 87.5% price reduction and 1,082,734 Badger for a 32x increase.
- BTC from price ranges significantly below the current price would be available for productive use.
- Incentivization of Uniswap liquidity would stop once TCL is established.
BIP: https://forum.badger.finance/t/bip-74-treasury-controlled-liquidity-for-badger/5082 RFF: https://discord.gg/Ctb3kFpSH9
Off-Chain Vote
For
171.45K 98.8%
Against
2.17K 1.2%
Timeline
Nov 08, 2021Proposal created
Nov 08, 2021Proposal vote started
Nov 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated