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Fraction TokenFraction Tokenby0x388E96Dfe68b30892af93f30F5035602D8d51487fractiontoken.eth

Move Quickswap liquidity to Balancer

Voting ended almost 3 years agoSucceeded

Vote if the current project-owned liquidity on Quickswap v2 (Polygon) should be moved to new pools on Balancer (Polygon) along with new liquidity.

Liquidity-Transfer-Proposal-Quickswap-to-Balancer.jpg


In the recent Snapshot Proposal Claimed $ARB Tokens on Arbitrum, the result stated that 1/3 of the claimed $ARB tokens should be used to provide liquidity on another network besides Arbitrum.

That might be a good point in time to move from Quickswap to Balancer, since that opens up better options for the future.


At the moment of writing, the project itself holds following liquidity on Quickswap v2 pools:

WETH:FRACTION Pool: Pooled ETH: 0.399 Pooled FRACTION: 0.0355

MIVA:FRACTION Pool: Pooled MIVA: 69.455 Pooled FRACTION: 0.0304


Proposed steps:

  1. Retract all assets from these 2 pools
  2. Prepare FRACTON & MATIC on Polygon with 1/3 of the ARB Airdrop funds
  3. Open a new FRACTION:WETH:MATIC Pool on Balancer on Polygon
  4. Open a new MIVA:FRACTION Pool on Balancer on Polygon
  5. Fill these two pools

Off-Chain Vote

For
0.08 FRACTION100%
Against
0 FRACTION0%
Abstain
0 FRACTION0%
Quorum:786%
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Discussion

Fraction TokenMove Quickswap liquidity to Balancer

Timeline

Apr 06, 2023Proposal created
Apr 06, 2023Proposal vote started
Apr 13, 2023Proposal vote ended
Feb 15, 2024Proposal updated