BIOPSY-15: Making BIO Liquid

Summary

This proposal aims to take BIO liquid by implementing the following within 14 days of the proposal passing:

• Lift the transfer restriction on the BIO token contract and make it transferable
• Allocate 6% of the BIO supply for providing liquidy to markets. Grant the BIO Association the authority to actively manage liquidity based on market needs.
• Provide initial liquidity on Ethereum Mainnet with an ETH/BIO liquidity pool

Description

1. Lift BIO Transfer Restriction

The current transfer restriction on BIO tokens shall be removed within 14 days of the passing of this proposal. This will allow BIO holders to freely transfer BIO, unlocking broader utility and allowing new users to enter the ecosystem.

2. BIO Allocation for Liquidity Management Needs

6% of the BIO supply will be allocated for liquidity provisioning across markets. This includes token supply needed for establishing relationships with exchange partners. With the passing of this proposal the community grants 6% of the Ecosystem Incentives to be used for these activities.

3. Deployment of ETH/BIO Liquidity Pool

The proposal grants the BIO Association the right to manage liquidity positions with aforementioned BIO token supply. A first liquidity pool will be created for the ETH/BIO pair. At the point of transfer restriction removal two liquidity positions will be established. The liquidity positions are aimed to cover a wide range of possible market movements while allowing the establishment of concentrated liquidity once the market volatility settles.

The BIO Association will actively manage the liquidity position among all pools. The optimal liquidity usage depending on market movements. By agreeing to the governance proposal, the community agrees to the BIO Association managing the liquidity actively, and repositioning liquidity based on market needs.

Conclusion

By adopting this proposal, the BIO ecosystem will turn liquid allowing new participants to join the BIO economy. Secondly, the deployment of liquidity across Ethereum will promote accessibility and long-term growth of BIO while also enabling a later expansion of the token to other chains. These steps are critical in establishing BIO as a widely accessible and liquid token within the DeSci space.