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Epoch IslandEpoch Islandby0x545851dB878e4a6BC684Fb000Ac04f463562B13f0x5458…B13f

Mint 2.5mil EPOCH for Protocol Owned Liquidity on Base and Arbitrum

Voting ended almost 2 years agoSucceeded

2.5mil EPOCH will be minted and sent to Moai Labs to facilitate:

  • use 2mil for single sided liquidity on Base at UniswapV3
  • use 500k for single sided liquidity on Arbitrum at UniswapV3

Uniswap V3 position details:

  • Start Range: slightly higher than live market price at time of creating position
  • End Range: 10x higher than Start Range price, but at least +$1 higher than Start Range price
  • Swap Fee: 1%

Other Details:

  • The LP tokens will be locked using a 3rd party service such as Unicrypt or Team Finance, for a duration of 9 months. The lock will be assigned to Epoch Island DAO as the owner. After 9 months the DAO can reassess to relock or migrate liquidity.
  • New gnosis safe multisig will need to be created on both Base and Arbitrum along with oSnap integration. Until these are completed and tested, the LP tokens will remain in Moai Labs custody.

Off-Chain Vote

For
429.66M vEPOCH100%
Against
0 vEPOCH0%
Abstain
0 vEPOCH0%
Quorum:759%
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Discussion

Epoch IslandMint 2.5mil EPOCH for Protocol Owned Liquidity on Base and Arbitrum

Timeline

Apr 02, 2024Proposal created
Apr 02, 2024Proposal vote started
Apr 08, 2024Proposal vote ended
Apr 08, 2024Proposal updated