FAP2 UniV2 & UniV3 LP FEM/WETH Liquidity Provision from Multisig

FemboyDAO Action Proposal (FAP) #2: We propose to add liquidity on uniV2 & uniV3 from our multisig funds. Amounts will be approximately equal to the market rate of FEM/WETH in the univ2 pool and slightly above that in the univ3 pool.

Here are the details: No new $FEM tokens will be minted.

Proposal for FEM token protocol owned liquidity provision: Proposal to add liquidity on uniV2 from multisig funds. 3 FEM + equivalent market rate WETH Proposal to add liquidity on uniV3 from multisig funds. Sell 3 FEM @ slightly above mkt rate (& therefore deposit no ETH). How does that work? Concentrated liquidity in uniswap v3 divides a position based on currentPrice vs priceRange, so we can avoid depositing ETH by setting priceRange slightly above currentPrice. Why do we want 2 liquidity pools on Uniswap? Primarily; reduced slippage. How? Partial routing to either pool through the uniswap smart router allows the uniswap protocol to utilize more of the total underlying liquidity for each trade, if necessary or if such conditions provide a more favourable trade. TLDR: 2 liquidity additions, +3 FEM per pool + ETH necessary, total liquidity of 6 FEM + ETH necessary. This represents around 7.84% of FEM total token supply, and about 7.08% of the ETH in the DAO treasury,* deposited as Uniswap liquidity.

Note*: Math and $ amounts subject to changes per market movements.