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MUXMUXby0xA273cFd1Bd23b5A7b69Df81efb29E46f8acCBaC60xA273…BaC6

Add 500K $ARB from the DAO airdrop to Uniswap V3 $MCB / $ARB pair

Voting ended almost 3 years agoSucceeded

Background MCB liquidity on Uniswap V3 was previously set by community holders, but lately it seems the liquidity has been removed.

Proposal To further stabilize the $MCB liquidity situation, MUX contributors propose to add 500K $ARB from the DAO airdrop to an Uniswap V3 $MCB / $ARB pair with the range of $0 - $10 to balance the inflow & outflow, as well as safeguarding holders’ interests.

Since the current MCB price is above $10, adding 500k $ARB to the UniSwap V3 $MCB / $ARB pair in the range of $0 - $10 will only increase Bids and not Asks, so there will be 0 $MCB selling pressure from this action. This set of liquidity will act more like a floor fund.

Off-Chain Vote

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623.39K veMux100%
Against
0 veMux0%
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0 veMux0%
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Discussion

MUXAdd 500K $ARB from the DAO airdrop to Uniswap V3 $MCB / $ARB pair

Timeline

Jun 05, 2023Proposal created
Jun 05, 2023Proposal vote started
Jun 07, 2023Proposal vote ended
Oct 26, 2023Proposal updated