Proposal 006 - Lock Liquidity Pool

Authors

MasterJedi (Foundation Technical Admin)
Copyright and related rights waived via CC0.

Disclosure

As a Foundation Technical Admin, I have no interest in or say in how the liquidity pool locks work.

Abstract

The original lock on the new LNR V2 liquidity pool is about to expire. The Lunar Foundation proposes extending the lock on the LP for an additional 365 days (1 calendar year).

Motivation

The existing lock is about to expire and therefore needs to be renewed.

Rationale

Locking the liquidity pool builds confidence for token holders in the security of the liquidity pool.

Proposed Changes

Lock the liquidity pool for an additional 365 calendar days.

Pros

1. Maintain token holder confidence in the security of the liquidity pool

Cons

1. None

Steps to Implement

1. A Lunar Foundation Agent will log into the liquidity pool provider dashboard, connect the correct wallet, and extend the existing lock by a period of 365 days

Timeline

Within 12 hours of accepting this LIP.

Associated Costs

None