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Fraction TokenFraction Tokenby0x388E96Dfe68b30892af93f30F5035602D8d51487fractiontoken.eth

Move Sushiswap (Avalanche) liquidity to Balancer (Avalanche)

Voting ended about 2 years agoSucceeded

Vote if the current project-owned liquidity on SushiSwap (Avalanche) should be moved to new pools on Balancer (Avalanche).

Liquidity-Transfer-Proposal-Sushi-to-Balancer-Avalanche.jpg


With the recent merge on Balancers Tokenlist, which added FRACTION on new chains to the whitelist and opened the possibility to create pools on Balancer v2, this proposal suggests to move SushiSwap v2 Liquidity to a new Balancer AVAX:FRACTION pool.


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

FRACTION-AVAXPool: Pooled AVAX: 12.4564 Pooled FRACTION: 0.00799278


Proposed steps:

  1. Retract all assets from Sushi
  2. Open a new FRACTION:AVAX Pool on Balancer on Avalanche C-Chain
  3. Fill this pool with those assets
  4. Move all LP Tokens to the LP Account

Off-Chain Vote

For
0.15 FRACTION100%
Against
0 FRACTION0%
Abstain
0 FRACTION0%
Quorum:1498%
Download mobile app to vote

Discussion

Fraction TokenMove Sushiswap (Avalanche) liquidity to Balancer (Avalanche)

Timeline

Dec 18, 2023Proposal created
Dec 18, 2023Proposal vote started
Dec 25, 2023Proposal vote ended
Feb 15, 2024Proposal updated