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.