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CabinCabinby0x282173335ae1F328b34Eb9Acadc052E59E70A89fdfmerin.eth

Should we set up a liquidity pool for $CABIN

Voting ended over 4 years agoSucceeded

We have discussed setting up a Uniswap liquidity pool for $CABIN to allow for more people to join our community. Given the progress the community has made over the past couple of months, it makes sense for the price to have appreciated from the initial 1 ETH : 1000 CABIN ratio, though there is a question of how much it should have appreciated (e.g., 1 ETH : 100 CABIN = 10x increase, 1 ETH : 500 CABIN = 2x increase). Of course, the market will bring this to equilibrium once the pool is launched.

As a first step, we'd propose to use 1 of the 3 ETH from the Treasury for this experiment and an associated amount of CABIN (currently 12k in Treasury).

Do you agree with this plan? If so, where should we set the initial price?

Off-Chain Vote

Yes @ 1 ETH : 100 CABIN
1.22K 36.6%
Yes @ 1 ETH : 250 CABIN
1.88K 56.8%
Yes @ 1 ETH : 500 CABIN
219 6.6%
No
0 0%
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Timeline

Aug 08, 2021Proposal created
Aug 08, 2021Proposal vote started
Aug 12, 2021Proposal vote ended
Dec 23, 2025Proposal updated