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Crypto CorgisCrypto Corgisby0x6662304e3198C8D54530fBdf02A869fA845376390x6662…7639

CORGI DAO NFTX Liquidity Pool

Voting ended over 4 years agoSucceeded

The Corgi DAO will acquire 25 floor corgis to start a NFTX liquidity pool ( https://v2.nftx.org/ ) and provide Liquidity on the Equivalent CORGI Token/ETH pair at floor price. To prevent the DAO getting front-ran, some mods have - at their risk - already purchased some of these 25 Corgis, and will transfer them to the DAO at cost (purchase price+gas fees) should this Proposal pass.

Liquidity pools provide liquidity to those who need it, and newcomers with a wide variety of corgis to chose from at a fair price. They are considered a 'must have' by many for NFT's with 10.000 collection size, and if users start them they often end up illiquid as nobody is willing to start it in size. There is a good reason liquidity pools can be found on most of the 'roadmaps' of NFT projects. It would give the Corgi DAO a first stake in Corgis, as well as additional revenues. Once set up by the DAO, every Corgi can join and share the same benefits.

The initial size of this is to be cautious with DAO funds, this is meant as a small first step, that will be expanded if deemed beneficial by the community.

Off-Chain Vote

Yes
453 100%
No
0 0%
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Timeline

Aug 20, 2021Proposal created
Aug 20, 2021Proposal vote started
Aug 22, 2021Proposal vote ended
Oct 26, 2023Proposal updated