DIP-88 $Paper Liquidity Council

GM Hustlers,

This proposal seeks approval for the formation of the $Paper Liquidity Council to optimise liquidity for the DAO.

Why:

In the upcoming months we will likely need to make many adjustments around our liquidity – think; range rebalances, chain liquidity rebalances, etc. It is neither ideal nor workable to have a vote for each single adjustment. Having a council that has the freedom to tweak these parameters seems more efficient.

How:

@sprtn, @Slasha, @mazzi, @taniela.taki, @winstonwolfe would form such a council, with a mandate of 12 months beginning upon execution of successful vote. Any change to the council will have to be voted under a new DIP.  The council would have freedom to adjust current $Paper liquidity in order to maximize the project success. The Council itself will require a four out of five quorum of agreement to make adjustments to the liquidity situation.

Limitations:

The council can’t deploy additional liquidity or it can’t remove existing liquidity without a DIP that authorises it to do so. Only existing liquidity can be rearranged between chains, exchanges, ranges within a single exchange, etc.

For your consideration

Tani & Mazzi