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Fortress DAOFortress DAOby0xeB6B9b675280D79E3117AA37F48B222B36dDbE380xeB6B…bE38

FORT-0011: Reduce liquidity in Fort-MIM to 10% of market cap

Voting ended about 4 years agoSucceeded

Recently, we executed a buyback and liquidity add. This had the effect of restoring liquidity to be the same as the adjusted levels prior to the original liquidity removal in December. However, with lower volume and prices, the optimal level of Protocol Owned Liquidity is likely significantly lower, to minimize IL and maximize capital efficiency. We propose to remove approximately 50% of liquidity in the Fort-MIM pair, reducing the liquidity to 10% of the market cap (note more or less than 50% may be removed as needed to achieve the 10% target). We would then burn the Fort, reducing Fort inflation.

Off-Chain Vote

Approve
71.03K 70.2%
Reject
30.14K 29.8%
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Timeline

Jan 22, 2022Proposal created
Jan 22, 2022Proposal vote started
Jan 23, 2022Proposal vote ended
Oct 26, 2023Proposal updated