Bundle all LP token into one account

Voting ended about 2 years agoSucceeded

TL:DR; Bring scatterd liquidity tokens togethter in one account for better overview. Move complete project owned liquidity on all chains to liquidity.fractiontoken.eth

Reason & Backstory

When the project launched, separate accounts have been created to store provided liquidity token. The idea behind that approach was to make it as easy as possible to see on Blockexplorers that the liquidity provided by the project hasn't been moved/touched. For example, the initial LP of 0.5 FRACTION:1000xDAI on Honeyswap still resides in the Deployment/Whale account (fractiontoken.eth) on GnosisChain.

But now, with different liquidity provided on multiple DEXes via multiple chains, along with Whale&Treasury also involved in other transactions, getting an overview has become fairly hard.

Along with fulfilling previous Snapshot proposals ( #2 #4 #5 #8 #9 ), it would be a good time to move all project owned LP-Tokens into one account.

The selected one is 0xEdC69dF77123BdcCA3993b9fF89B6C09170cB0E3 and the ENS Subname liquidity.fractiontoken.eth has been set up.

Currently project owned liquidity:

Note: Some LP Tokens have never been moved. Especially transferring the initial Honeyswap FRACTION:xDai LP Token is significant, since that is currently the largest concentrated liquidity position of the project.

Also - this would also serve as a preparation to hand over all project owned liquidity to a DAO controlled Gnosis Safe at some point.

The proposal asks:

Move all project owned liquidty into one account?

Off-Chain Vote

Yes! Bundle it, baby!

0.09 FRACTION58.7%

No! Keep it scattered .

0.06 FRACTION41.3%

Quorum:1498%

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Discussion

Bundle all LP token into one account

Timeline

Dec 20, 2023Proposal created

Dec 20, 2023Proposal vote started

Dec 27, 2023Proposal vote ended

Feb 15, 2024Proposal updated