Return ₡ABIN and ETH from liquidity pool to treasury

Over the past year, we have run several experiments with providing ₡ABIN liquidity via a Uniswap pool (see links below for past governance proposals).

This is a proposal to return the existing Cabin LP liquidity from the Uniswap pool to the treasury. Acting as an LP for a shallow liquidity pool creates financial and operation challenges:

• high costs to maintain liquidity depth
• increased risk of impermanent loss
• complexity of pool management
• high variability of implied token value
• difficulty operating on multiple chains

Furthermore, we believe that long-term contributor value alignment is higher with a less liquid token, earn-in is generally a better mechanism than buy-in for DAO members, and our recently approved quest system creates the necessary mechanisms for contributors to choose ratios of USDC and ₡ABIN that meet their lifestyle needs.

If the proposal is approved, we will return all of the Cabin LP tokens from the existing ₡ABIN<>ETH Uniswap pool to the Cabin treasury.

Past liquidity experiments

https://snapshot.org/#/cabindao.eth/proposal/0xcde197101c1dc3f68f00a2f53c5be57518bdbc36d3bab65fef42078365d021cd

https://snapshot.org/#/cabindao.eth/proposal/0xbb49ed5aacaa43a40ea830a2909a92c0a6f942ed612c938bd7734c4879c01c63

https://snapshot.org/#/cabindao.eth/proposal/QmRnsb8avuC4fyVM4eSsjzn8ZQwrE9qqXwq78tLoBf6KPP

https://snapshot.org/#/cabindao.eth/proposal/QmSLmWNeAgxtiGWDgWmvULaqKVYUsqWLacXZ9nCNyC8L6L