Migrate LP from HNY/MATIC to HNY/USDC

Voting ended over 3 years agoSucceeded

Migrate the liquidity pool from HNY/MATIC to HNY/USDC. This would be done by removing the MATIC from the current liquidity pool, selling it for USDC and then creating a new LP with the new USDC, being a HNY/USDC LP. This will make HNY less exposed to market fluctuations, especially on large price swings on MATIC price. We will be looking to switch back to a MATIC pairing once we feel we are close to the bottom in order to receive the benefits of MATIC's price appreciation.

Off-Chain Vote

Yes - Migrate to HNY/USDC

275 Bees90.5%

No - Keep liquidity as HNY/MATIC

29 Bees9.5%

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Timeline

Jun 14, 2022Proposal created

Jun 14, 2022Proposal vote started

Jun 15, 2022Proposal vote ended

Oct 26, 2023Proposal updated