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Religion DAOReligion DAOby0x9A7c61f909f19b1b212ea45F3fddD173c13f2b640x9A7c…2b64

Liquidity Add

Voting ended over 3 years agoSucceeded

Additional liquidity is sorely needed to try to stabilize the project a bit. It will also lead to an increase in volume. Liquidity is most effectively injected into tokens when the price is low - for religion this is now. I propose we use 2eth from the treasury to buy 1eth of religion, pair with 1 eth and add to the pool ASAP. This would be the equivalent of adding 9eth of liquidity at previous ATH (just to give a sense of how beneficial it is to add liquidity at low market caps). Let's take advantage of this dip to make the project stronger.

Off-Chain Vote

No Liquidity Add
29.76M RELIGION3.5%
Use 2eth (1eth + 1eth $RLGN)
688.71M RELIGION79.9%
Use 3eth (1.5eth + 1.5eth $RLGN)
143.55M RELIGION16.7%
Quorum:8620%
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Timeline

Jul 19, 2022Proposal created
Jul 19, 2022Proposal vote started
Jul 20, 2022Proposal vote ended
Oct 26, 2023Proposal updated