Improve capital efficiency of Polygon LP, Increase ETH position

Background

Decentral Games currently holds $1.0m Ethereum mainchain DG/ETH liquidity and $0.6m Polygon DG/Matic liquidity.

The DG DAO also has $1.1m in ETH (across ETH, stETH, and 2 ETH nodes) and a Polygon node with $0.9m in MATIC.

Proposal

• Remove the DG/MATIC v2 LP on QuickSwap; Convert existing $0.3m worth of MATIC currently paired with DG on Polygon to ETH

• Retain $0.15m ETH and $0.15m DG in the Treasury

• Add $0.3m in DG/ETH v3 LP on QuickSwap v3 in the [$0.015, $0.06] range.

Rationale

• Shifting $0.3m MATIC to ETH is appropriate given the already large MATIC position staked in our Polygon node.

• Given the move from v2 to v3 liquidity with the chosen range means that we will have the same depth on Polygon for trading while using less capital.