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Cedar GovernanceCedar Governanceby0x01DD800Ffc1119Ae8D2B5Df35f9F85BaF2d2386CELG Owner

Temporary Liquidity Storage for Solana

Voting ended over 1 year agoSucceeded

This vote relates to the temporary storage of our liquidity tokens prelaunch, not the allocation for the final liquidity pools.

As we transition from Binance Smart Chain (BSC) to Solana, we’re moving our liquidity (currently 75% BNB, 25% USDT) to the Solana network. This vote will determine how much of that liquidity to convert to SOL versus keeping in stablecoin (USDC on Solana) for temporary storage until it is used to seed liquidity at relaunch.

Options for SOL Allocation on Solana:

  1. Convert 25% to SOL, 75% to USDC
  • Pros: Minimizes exposure to SOL volatility; maintains stable liquidity in USDC.
  • Cons: Limited growth if SOL appreciates.
  1. Convert 50% to SOL, 50% to USDC
  • Pros: Balanced approach, allowing for growth potential with moderate SOL exposure.
  • Cons: Moderate risk from SOL volatility.
  1. Convert 75% to SOL, 25% to USDC
  • Pros: Maximizes exposure to SOL growth potential, aligning with Solana’s ecosystem.
  • Cons: Higher risk if SOL value fluctuates before relaunch.

Voting Purpose: This vote helps decide our temporary liquidity allocation on Solana as we prepare for relaunch, balancing stability with growth potential. Thank you for participating!

Disclaimer: The committee will adhere to the decision of the token holders and carry out the swap in the most timely and efficient manner possible. However, the committee cannot be held responsible for the final swap prices, timing, slippage, or any other factors affecting the final outcome or the value of the liquidity tokens.

Off-Chain Vote

Convert 25% to SOL, 75% to USDC
11.25M ELG7.2%
Convert 50% to SOL, 50% to USDC
43.51M ELG27.8%
Convert 75% to SOL, 25% to USDC
101.49M ELG65%
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Timeline

Oct 28, 2024Proposal created
Oct 28, 2024Proposal vote started
Oct 31, 2024Proposal vote ended
Apr 19, 2025Proposal updated