[Preliminary] Should we start a liquidity pool?

Proposed by AlabasterJefferson#6585, Alabasterjefferson.eth

Note on preliminary proposal vote

This vote is if the proposal should go to final vote. Final vote will consist of two different votes:

1. When should we start the pool?
2. What should the initial WEth/DinoEgg ratio be?

What do we want to happen?

The Dino Babies in Space Community Wallet should fund the creation of a DinoEggs Uniswap liquidity pool on ethereum mainnet with an initial supply of DinoEggs to WETH. Additionally, this pool should be allowed from the start for any other members to contribute as LP’s to the Uniswap pool.

A second final vote will be called if/once the date is settled on what the starting liquidity of DinoEggs will be for the pool.

5eth is the maximum starting liquidity for the pair.

How does this follow the vision of the Dino Babies in Space Community Wallet?

The Dino Babies in Space Community Wallet is currently gatekept by owning a Ziggy and then also waiting multiple days to have any material impact on the voting within the community wallet.

A liquidity exchange allows members to speed up their ability to have a larger impact and for members with less resources to enter the entire voting process with less than a Ziggy worth of ethereum commitment.

How does this improve the member experience?

It has been evident since the creation of DinoEggs that members want to be able to buy into a pool of DinoEggs and many members want to have assurance there is free exchange should they ever need to exit out of the project.

The current gamification of DinoEggs have pushed members to not claim until pirates are announced, which suggests there is not enough of an incentive to own and hold DinoEggs early. This logic makes sense as without any intrinsic value, a member will not waste gas fees on a project that could at any point collapse.

If this succeeds, how do we know this action accomplished its goals?

The success of this project will be evaluated by the engagement of the liquidity pool and the number of eggs that are in circulation.

We should expect more eggs will trade, which should push our total active circulation to more than 150,000 eggs by the end of the month.

Logistics of the proposal

There are three options for when to start this pool:

1. ASAP
2. During the same release window as Space Pirates (Dinobabies season 2)
3. When we start negotiations with a studio/network for licensing the show

There are 4 options for initial pair. All are with a ratio of 5eth

1. 25,000 Dinoeggs = .0002eth/Dinoegg
2. 16,666 Dinoeggs = .0003eth/Dinoegg
3. 8,333 Dinoeggs = .0006eth/Dinoegg
4. 5,000 Dinoeggs = .001eth/Dinoegg

This proposal requires 8% of all active votes in order to continue to final vote. Abstaining votes do not make a decision either way but help meet quorum.