=BULLs Batch 4 Proposal
It is time to talk about the release of Batch 4 of =BULLs and what we can do with its funds regarding the current demand of UPONLY - FTM LP to get arbitrage bots going between two pools.
It starts with selling out Batch 4 of course. As you know we still have excess UPONLY in =BULLs treasury waiting to be LPed with EQUAL. This EQUAL is currently planned to receive from weekly POL rewards, which was initially expected in PROPOSAL #125 to use as bribes to EQUAL pair since we bribe easily with the voted 2B UPONLY.
Look below:
PROPOSAL #125
33% for Burning $EQUAL Tokens
33% for Market Buying and Burning $UPONLY Tokens
34% for Bribing the $EQUAL — $UPONLY Gauge on Equalizer Exchange
So the idea is to use the fund from Batch 4 sales to LP the remaining UPONLY in =BULLs treasury and create a wFTM - UPONLY pool and let arbitrage bots do the rest.
The answer to that would be using the %34 that initially planned to bribe EQUAL pair.
After the proposal we already started to bribe with the excess amount of 2B UPONLY for 26 weeks. (24 weeks remaining)
So actually no need to double bribe EQUAL pair where we can sustainably bribe two pools.
After 24 weeks, when the bribing fund for the EQUAL pair gets drained, the original bribing amount of %34 will be split in half and will be used to bribe both pools.
Option A) Release Batch 4 and fund UPONLY - WFTM pool.
Option B) Release Batch 4 and use the fund as always.
Option C) Do not launch and continue to discuss.
Voting ends in 72 hours.