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Fraction TokenFraction Tokenby0xd1800707Ba3e34d5e2e2a3C23A260218113DD98fmarketing.fractiontoken.eth

Move Symmetric liquidity to Balancer

Voting ended almost 3 years agoSucceeded

With the launch of Balancer on GnosisChain, the proposal suggests to move the project owned Symmetric V1 liquidity to new Balancer pools.

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


At the moment of writing, the project itself holds following liquidity on Symmetric:

45% MIVA / 45% FRACTION / 10% WXDAI pool

  • 100 CPT liquidity token
  • Contains 42.3K MIVA / 0.0146 FRACTION / 71.065 WXDAI
  • TVL: 710.75 $

50% SYMM / 50% FRACTION pool

  • 100 CPT liquidity token
  • Worth 616.466 SYMM / 0.0051 FRACTION
  • TVL: 221.2 $

50% MIVA / 50% FRACTION pool

  • 157.8884017 CPT liquidity token
  • Contains: 2.9K MIVA / 0.001 FRACTION
  • TVL: 43.98 $

Proposal:

  1. Retract all assets from these 3 pools
  2. Swap SYMM for GNO
  3. Open a new MIVA:FRACTION:GNO Pool on Balancer
  4. Open a new MIVA:FRACTION Pool on Balancer
  5. Fill these two pools with each half of the retracted assets

Off-Chain Vote

For
0.02 FRACTION60.4%
Against
0 FRACTION0%
Abstain
0.01 FRACTION39.6%
Quorum:303%
Download mobile app to vote

Discussion

Fraction TokenMove Symmetric liquidity to Balancer

Timeline

Mar 16, 2023Proposal created
Mar 16, 2023Proposal vote started
Mar 23, 2023Proposal vote ended
Feb 15, 2024Proposal updated