Summary 📑

The liquidity deployed from SIP - 1.23 in a SPOOL/ETH pool shall be removed, bridged, and moved to Arbitrum.

Proposal 📬

Remove the SPOOL/ETH Liquidity from Uniswap on Ethereum Mainnet. Deploy the exact same amount of liquidity to the decentralized exchange on Arbitrum, paired with the $100k from SIP - 1.27.

Motivation 🔥

Liquidity is an essential factor in financial markets and Spool DAO should aim for using DAO-provided liquidity as efficiently as possible. With the recent move of Spool to Arbitrum and the vote last week about bridging our token to this Layer 2 chain, the liquidity position there should be increased to cater to upcoming interests.

Vote 🗳

With “Yes” you vote to move the DAO-provided SPOOL/ETH liquidity from Ethereum to Arbitrum, with “No” you vote against this.