Consolidation of $MODA Token Liquidity

Abstract:

As MODA DAO looks forward to the future and seeks to evolve the underlying tokenomics of the $MODA token, we feel it’s worth approaching the idea of consolidating liquidity on DEXs. Activity on NEAR and Fantom have steadily declined since the launch of MODA which begs the question, is it worth continuing support for these chains or withdrawing liquidity and using it elsewhere?

Section 2

MODA DAO can improve its liquidity set up on different chains by consolidating liquidity currently held on Fantom and Near. This consolidated liquidity can then be added to other chains (Ethereum and/or Polygon). This should result in the wider MODA community benefiting from higher liquidity on more popular chains/DEXs.

Section 3

By MODA DAO consolidating liquidity, multiple positive outcomes should occur including;

Increased liquidity on the chains that need it the most Increased liquidity on the most popular trading platforms Increased accessibility for community participation on Ethereum and/or Polygon Increased opportunity for new investors to enter the MODA ecosystem

Section 4

The core team at MODA will lead the charge on consolidating liquidity if the community votes to approve the decision. Community members will have ample time to bridge their tokens to active MODA chains with enough resources and information to do so. Further, the team will walk through the process with the NEAR and Fantom community to ensure a seamless transition.

Section 5

The next steps for taking on a task like this are relatively straightforward;

Allow the community to vote on either approving or disapproving this proposal If approved, MODA will release resources to the Fantom and NEAR communities to ensure they understand the process of bridging tokens Once a minimum time period has elapsed, Fantom and NEAR liquidity will be pulled by MODA and then consolidated on the newly decided exchanges (sushiswap, quickswap and/or gate)

Bridges for the secondary chain contracts will remain open for now.