Summary 📑

Allow the Spool DAO team to use up to 100k from the treasury to fund exchange listings of the SPOOL token.

Proposal 📬

Offering the SPOOL token on selected exchanges requires initial liquidity, which will differ for all exchanges. To allow the team to act efficiently when it comes to these matters and to avoid asking for funds after a listing is sorted, funds for providing this liquidity shall be released from the treasury by this proposal.

Motivation🔥

Expanding to new (selected) exchanges is often a good idea as it increases the trustworthiness in the eyes of retail users while simultaneously easing access to the token. New users get interested in the protocol, more people use the Spool Smart Vaults, and the overall awareness and prominence of Spool increase. As it is often forbidden to publicly mention a listing before it happens, this proposal gives the team the needed flexibility to move forward when it comes to these matters.

Vote 🗳

With “Yes” you vote to release up to 100k for exchange listings of the SPOOL token, with “No” you vote against this fund release.