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BASTARD GAN PUNKS V2sBASTARD GAN PUNKS V2sby0xcCBF5d0A96ca77da1D21438eB9c06e485e6723C2deboni.eth

Utilize Treasury for Liquidity Pools like NFTx and NFT20

Voting ended about 4 years agoSucceeded

The DAO treasury currently idly sits at ~94ETH. I propose we utilize either 10ETH, 15ETH or 20ETH to be added as liquidity into vaults such as NFTx and NFT20 (linked below) https://nftx.io/vault/0xc3b5284b2c0cfa1871a6ac63b6d6ee43c08bdc79/buy/ https://nft20.io/asset/0xcccbf11ac3030ee8cd7a04cfe15a3718df6dd030

The addition of liquidity into the liquidity pools would allow for a few things:

  1. Fees generated from people minting/selling into the pools can be absorbed by the DAO (For example our lifetime fees in the NFTx pool are somewhere around 5.7ETH)
  2. Added liquidity would reduce slippage when people trade within the pools. This also would facilitate at least a temporary increase in the bgan floor price as we'd have to either batch buy bgans off OS or buy BGAN tokens off sushiswap.
  3. The fees generated from the pool can be used to buy bgans when prices are low or for content/creator creation when prices are high.

***When batch buying NFTs, interacting with contracts, or buying BGAN tokens from these pools (slippage) it will incur relatively large gas fees. With the passing of this proposal i'd like to include atleast a 1-2ETH gas fee depending on the method used and how much ETH we'd commit to the pools.

This proposal was developed by Qexd#2992.

Off-Chain Vote

Add 10 ETH Liquidity
534 70.8%
Add 15 ETH Liquidity
2 0.3%
Add 20 ETH Liquidity
15 2%
Don't add any Liquidity
203 26.9%
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Timeline

Nov 10, 2021Proposal created
Nov 10, 2021Proposal vote started
Nov 17, 2021Proposal vote ended
Feb 14, 2024Proposal updated