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Fuse Street BetsFuse Street Betsby0x8537Cc6499889DEfbe7e3847218cb61392fAE0Defuse-street-bets.eth

FSBP#14 v2 Liquidity Pairing & Reward Token

Voting ended over 3 years agoSucceeded

We have many options when it comes to pairing liquidity with FSBv2. Below are a options that we feel will most benefit FSBv2 token.

  1. WETH: has the largest liquidity pool on chain, with few actual pairs with other tokens. This will help FSBv2 stand out when looking at Voltage analytics (would be 3rd pair in the list). The price of FSBv2 will mirror the price action of WETH. With a Reward in WETH, all buys and sells will generate a 2% tax that will purchase WETH and distribute to holders. this will have a positive Impact on the price of WETH which will in turn have a positive price impact on FSBv2 through the LP, so even sells in FSBv2 will bolster the price of FSBv2.
  2. FUSD: is the native Stable-coin on chain, also has a large liquidity pool. FSBv2 would also stand out on Voltage analytics (would be 4th pair on the list). Pairing with FUSD would ensure price stability, as FSBv2 would not be subject to market volatility through the LP. Reward in FUSD would provide holders of FSBv2 with a stable coin reward, having no effect on the price of FSBV2. 3.FUSE: is the native currency of Fuse Network. Most tokens on chain are paired with FUSE. FSBv2 wouldn't be notable at launch on Voltage analytics (would be the 11th pair). Price of FSBv2 will follow along with the price of FUSE through the LP. Reward in FUSD. 4.WBTC: is the 2nd largest pair on Voltage Analytics. This will help FSBv2 stand out when looking at Voltage analytics (would be 2nd pair in the list). The price of FSBv2 will mirror the price action of WBTC. With a Reward in WBTC, all buys and sells will generate a 2% tax that will purchase WBTC and distribute to holders. this will have a positive Impact on the price of WBTC which will in turn have a positive price impact on FSBv2 through the LP, so even sells in FSBv2 will bolster the price of FSBv2.

Off-Chain Vote

WETH pair / WETH reward
15.12 FSB62.8%
FUSD pair / FUSD reward
0 FSB0%
FUSE pair / FUSD reward
8.69 FSB36.1%
WBTC pair / WBTC reward
0.25 FSB1%
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Timeline

Oct 21, 2022Proposal created
Oct 21, 2022Proposal vote started
Oct 24, 2022Proposal vote ended
Oct 26, 2023Proposal updated