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HeliosHeliosby0x265b331C5e6c76B0Eb6fC28D89d4AE17A7Ec719bhelios-hlx.eth

E280 LP add strategy

Voting ended over 1 year agoSucceeded

The DAO has approved the use of investment pool funds to provide liquidity with E280 to earn LP Fees while we hold assets

https://snapshot.box/#/s:helios-hlx.eth/proposal/0xa552dba2cba55f0e468c73bd778672bdb19d6669965ca6ca612580ec6db75977


We would like to specify a specific strategy to complete the adding of liquidity. There is not enough E280 in the investment pool to add LPs with all the ecosystem tokens. To compensate, we will use half of each ecosystem token balance to buy E280 to pair with the remaining ecosystem token balance.

example: we have 12B HYDRA balance -use 6B HYDRA to buy E280 -use the remaining 6B HYDRA to pair with the purchased E280 -add to the HYDRA/ELMNT LP

**We are not locking up any of these LPs and will be able to remove them for future use as decided by the DAO.

**Does not include using ETH from investment pool

Off-Chain Vote

Yes
780.01B HLX100%
No
0 HLX0%
Quorum:390%
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Timeline

Jan 02, 2025Proposal created
Jan 02, 2025Proposal vote started
Jan 05, 2025Proposal vote ended
Jan 05, 2025Proposal updated