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Bag.winBag.winby0xD505AF77d421afF12A9A820E8CBA4784E3A8cB24spicyprawn.eth

BAG Liquidity Position Adjustment

Voting ended 7 months agoSucceeded

Background

For the past year the BAG token liquidity for trading has been on ETH mainnet and Blast. Given the lack of activity on Blast and Thruster shutting down, the team has removed the LP position from Blast (locking period on Blast was given team discretion in Proposal "Lock BAG liquidity on blast & mainnet"). This proposal is to determine DAO interest in where to put that liquidity.

Proposal

Select what action is taken with the pulled liquidity. (7+ ETH and 156m BAG)

Options;

  1. Bridge to Solana and provide BAG/SOL
  2. Bridge to BASE and provide BAG/ETH
  3. Bridge to Polygon and provide BAG/ETH
  4. Add to ETH Mainnet LP position BAG/ETH (selected option will be added to snapshot for future DAO props)

It's possible to vote for multiple options in this proposal.

Rationale

Move liquidity to a more active chain where trading volume and interest could improve with user acquisition and currently active users.

Off-Chain Vote

Solana - BAG/SOL
205.9M BAG43.7%
BASE - BAG/ETH
90.01M BAG19.1%
Polygon - BAG/ETH
89.69M BAG19%
ETH - BAG/ETH
85.58M BAG18.2%
Quorum:272%
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Timeline

Jul 10, 2025Proposal created
Jul 10, 2025Proposal vote started
Jul 17, 2025Proposal vote ended
Jul 17, 2025Proposal updated