SSV-ETH Uniswap v3 Liquidity Pool Proposal

Proposal Overview This is a proposal for the DAO to add liquidity to the SSV-ETH Uniswap v3 Liquidity pool on mainnet.

Motivation The current slippage on Uniswap is very high due to the lack of liquidity. As such, it is of utmost importance to deepen the liquidity for the SSV-ETH trading pair.

A Uniswap v3 pool has already been initialized by the SSV community and as Uniswap is also aligned with the core SSV values this should be the chosen DEX to start.

Mechanics Uniswap V3 SSV-ETH liquidity pool shall be funded on Ethereum Mainnet by the multisig committee and will not be actively managed as “Full Range” shall be chosen (0 to infinity price range).

SSV DAO shall supply $500k of SSV and $500k of ETH according to CMC on day of liquidity pool funding.

0.3% fee tier shall be used.

SSV from the Blox DAO Grant shall be used. ETH from the DAO Partner Program shall be used. If the DAO does not have enough ETH, it shall sell USDC on Uniswap to aquire the needed ETH.

The resulting LP Token shall be held by the DAO and any and all rewards belong to the DAO.

Execution Ensure DAO has $500k worth of SSV and $500k worth of ETH.

Open “APPS” in Gnosis Safe Choose WalletConnect app

In a separate browser tab, go to https://app.uniswap.org/ Click “Connect Wallet” and choose WalletConnect Click on “Copy to clipboard” below the QR code.

Go back to WalletConnect in Gnosis Safe and paste the copied data

The Connection to Uniswap V3 has now been established.

Go Back to Uniswap and select “Pool” Click “+ New Position” Under “Select Pair” choose SSV and ETH. If SSV is not already Imported search SSV and click “Import”. Click “Import” again. Under “Deposit Amounts” input 500k$ worth of ETH. Equivalent SSV will automatically fill. Ensure 0.3% fee tier is chosen Click “Full Range” and Click “I understand” Click “Approve SSV”

Go back to Gnosis Safe and Complete the transaction, wait for the transaction to complete

Go back to Uniswap, and click “Preview” Click “Add”

Go back to Gnosis Safe and Complete the final transaction