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FodlFodlby0x872c67Dd383db7b7E9BC1800546f1ae715A0BC0C0x872c…BC0C

Proposal 3: Remove 50% of Project-Party Owned Liquidity

Voting ended about 4 years agoSucceeded

The FODL Team proposes to remove half of the Liquidity that we initially supplied on Sushiswap for both FODL/ETH and FODL/USDC pairs. We hope to see the following benefits for the community from this action:

Large sales will have more price implications for sellers, forcing them to sell into a thinner market rather than into a frothy market ready to take their tokens.

On the other hand, this will also affect large buys - bringing a higher price impact on the upside.

Community-owned liquidity is rewarded more from the $FODL liquidity mining program, ramping up the rewards for this on the community side.

This is also true for the Sushi and trading fee rewards generated by the pools.

The FODL Team will put the FODL that is withdrawn from these pools into a 3 month time-locked contract.

We hope the community sees the benefits of this action.

Off-Chain Vote

Reduce Liquidity
13.31M 100%
Do Not Reduce Liquidity
0 0%
Download mobile app to vote

Timeline

Feb 04, 2022Proposal created
Feb 04, 2022Proposal vote started
Feb 07, 2022Proposal vote ended
Oct 26, 2023Proposal updated