BIP-99: Discontinue Solana Liquidity Pool and Bridge Back to Mainnet

Voting ended 20 days agoSucceeded

Note: Snapshot is only a summary and may leave ambiguities that are covered in the full BIP in the forum which takes precedent.

Summary

BIP-99 proposes discontinuing the $BOTTO liquidity pool on Solana, originally established under BIP-69, and bridging the liquidity back to Ethereum mainnet. The Solana pool has not achieved meaningful staking activity or community growth, and maintaining it introduces unnecessary operational complexity and cost. Consolidating back to mainnet simplifies our liquidity structure and aligns with the ongoing sanctification of Botto's core protocol.

Proposal Specification

DAO approval and announcement — May 28th: Upon passing, an announcement will be made in Discord and the Studio informing the community of the decision, rationale, and planned exit date. Clear step-by-step bridging instructions for $BOTTO holders on Solana will be published alongside the announcement.
Community migration window — June 25th: A 4-week window will be given to allow Solana-based $BOTTO holders to bridge their tokens back to mainnet before the liquidity pool is dissolved. A reminder will be sent at the halfway point.
Exit from UNCX lock — July 2nd: The team will initiate the exit from the Raydium pool via the UNCX Solana locker. Bridge and transaction fees will be covered from the treasury. Returned liquidity will be deployed back into the Ethereum mainnet Uniswap V3 pool, consistent with the existing POL strategy.

Estimated total timeline: 5 weeks from BIP approval.

Budget

Minimal — bridge and transaction fees only. No new budget required.

Criteria of Success

Solana LP fully dissolved with no remaining positions on Raydium
Community notified with sufficient advance notice and bridging instructions provided
Liquidity successfully bridged and deployed back to Ethereum mainnet
Simplified liquidity structure across two chains only (Base and Ethereum mainnet)

Disadvantages/Risks

Loss of Solana presence: removes Botto's presence in the Solana ecosystem entirely, which may disappoint Solana-native community members
Future re-entry cost: if $BOTTO gains traction on Solana in the future, re-establishing a pool would require a new governance proposal

Off-Chain Vote

For

3.22M BOTTO100%

Against

0 BOTTO0%

Abstain

0 BOTTO0%

Quorum:643%

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Discussion

BIP-99: Discontinue Solana Liquidity Pool and Bridge Back to Mainnet

Timeline

May 28, 2026Proposal created

May 28, 2026Proposal vote started

May 31, 2026Proposal vote ended

Jun 19, 2026Proposal updated

Summary

Proposal Specification

DAO approval and announcement — May 28th: Upon passing, an announcement will be made in Discord and the Studio informing the community of the decision, rationale, and planned exit date. Clear step-by-step bridging instructions for $BOTTO holders on Solana will be published alongside the announcement.

Community migration window — June 25th: A 4-week window will be given to allow Solana-based $BOTTO holders to bridge their tokens back to mainnet before the liquidity pool is dissolved. A reminder will be sent at the halfway point.

Exit from UNCX lock — July 2nd: The team will initiate the exit from the Raydium pool via the UNCX Solana locker. Bridge and transaction fees will be covered from the treasury. Returned liquidity will be deployed back into the Ethereum mainnet Uniswap V3 pool, consistent with the existing POL strategy.

Estimated total timeline: 5 weeks from BIP approval.

Criteria of Success

Solana LP fully dissolved with no remaining positions on Raydium

Community notified with sufficient advance notice and bridging instructions provided

Liquidity successfully bridged and deployed back to Ethereum mainnet

Simplified liquidity structure across two chains only (Base and Ethereum mainnet)