Note: This snapshot votes only on Part C of the full "BIP-83: A Holistic Update to Botto’s Economy". There are 6 total votes for BIP-83, see the other votes on the main snapshot page.

Summary

This proposal addresses the immediate concern that the current Liquidity Mining program will end on October 15, 2025 and to replace it with a comprehensive liquidity management strategy.

New proposed Liquidity Management framework:

PoL Target Metrics

Metrics: No plans to add or remove current PoL, and forcing permanent ratio minimums can introduce unrealistic expectations in scenarios of high volatility.

PoL Distribution

$BOTTO is currently multi-chain across Mainnet, Base, and Solana. The treasury working group will periodically review liquidity across chains and rebalance as necessary based on relative historical and expected volume patterns and circulating supply in each.

The working group may also switch from Uni V2 to V3 to optimize liquidity management.

Solana pools have been inactive and so will likely bridge back after the 1-year lockup ends set in BIP-69.

LM Program Next Steps

As LM concludes, the DAO can help interested parties that want to buy/sell in large quantities, with a particular focus on sellers. DAO Operators can help facilitate OTC transactions with preferred market makers/OTC desks to minimize the price impact and reduce slippage.

CEX Listing Initiative

Currently there are 2.9M BOTTO ($750K) left from BIP-42 that can be used at the Treasury’s discretion to help secure a CEX listing.

Strategy is to prepare Tier 1 CEX listings to take advantage of moments of high volume. We will assess the cost/value of the listings to determine whether to move forward with them or not.

Tier 2 CEXes will not be considered as there is typically a “Listing or Integration” fee charged by each CEX, up to $500K each, and discussion determined the volume interest does not seem worth it.

In addition, there is commonly an ask of a percentage of the total token supply (>1%) to Market Makers to provide liquidity across the CEXs. The total cost will be expensive and there is a chance that the funds set aside from BIP-42 might not be sufficient. If funds are not sufficient to pay the fees, the team will forgo the CEX strategy until the cost is below the budgeted amount. Negotiations will happen, but want to set expectations that a listing is not guaranteed given the costs.

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Specifications:

• Let the LM program run to the end (October 15th) without renewal/extension. This will allow for price discovery and a reset to the ecosystem
• Cease 20% weekly PoL contribution immediately. BIP-59 suggested that it will stop after 500k BOTTO and was subsequently extended in BIP-78, however overall liquidity is currently very deep and PoL is sufficient.
• Prepare Tier 1 CEX listing applications using the funds earmarked from BIP-42 to take advantage of moments of high volume that make $BOTTO more attractive to CEXes
• If after a year from this BIP and no CEX listing, the 20% PoL contribution will be turned back on, subject to the cap from BIP-42 and comparable metrics.

Note: Snapshot is only a summary, the full BIP in the forum takes precedent.

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📚 Read the full proposal: https://forum.botto.com/d/120-bip-83-a-holistic-update-to-bottos-economy Discussion of holistic proposal: https://discord.com/channels/829636834371960842/1418629635100643358 Discussion of Part C: https://discord.com/channels/829636834371960842/1418597831597359305