Move SushiSwap (Arbitrum) liquidity to Balancer (Arbitrum)
Vote if the current project-owned liquidity on SushiSwap (Arbitrum) should be moved to new pools on Balancer (Arbitrum) along with new liquidity.
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 Arbitrum.
That might be a good point in time to move from Sushi to Balancer, since that opens up better options for the future.
At the moment of writing, the project itself holds following liquidity on Sushi Legacy pools:
FRACTION-WETH Pool: Pooled ETH: 0.14663788 Pooled FRACTION: 0.01024646
Proposed steps:
- Retract all assets from Sushi
- Prepare FRACTON & WETH on Polygon with 1/3 of the ARB Airdrop funds
- Open a new FRACTION:WETH Pool on Balancer on Polygon
- Fill this pool with combined assets
Off-Chain Vote
Timeline
Apr 07, 2023Proposal created
Apr 07, 2023Proposal vote started
Apr 14, 2023Proposal vote ended
Feb 15, 2024Proposal updated