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NyolingsNyolingsby0x1875300C9abf7EC9f203C62409906057c4C58160todels.eth

Establish Official Nyolings DEX Pool

Voting ended about 3 years agoSucceeded

This is a revised proposal to establish an official decentralized marketplace on Sudoswap instead of NFTX, due to the way Sudoswap is able to more efficiently handle liquidity. You can read about the differences between the two exchanges here: https://blog.sudoswap.xyz/deep-dive-1-sudoamm-vs-the-other-amms-they-told-u-not-to-worry-about.html

At current time of writing, the Nyobank has a balance of 14.21 ETH and 21,022.57 BUSD. This is excluding all fee's yet to be transferred to the wallets that were generated during Moxxy's vacation. I am proposing the bank purchases 100 Nyolings and seeds it with the appropriate amount of ETH based on the following factors:

Pool Specifications

Starting Price: .04 ETH* Trade Fee: 5% Bonding Curve: Exponential Delta: 3%

Bonding curve is how the price changes and the delta is the amount in which it changes with each sell or purchase. Also note that the floor price of Nyo's would be roughly .04 ETH based on this sweep alone, hence the starting price.

At current time of writing, the 100 Nyolings would cost 3.3427 ETH* and would require a pairing of 1.146 ETH* for purchasing liquidity for a total of 4.903 ETH* excluding the tx fee's involved with the purchases and deployment of the pool. All asterisked figures are subject to change based on Blur's floor price when the proposal is passed and executed, but the general total cost of this proposal is aimed to cost ~5 ETH.

Trade fees generated from the pool will also be returned back to the community wallet on a monthly basis. Any Nyoling's holder would be able to contribute their own liquidity to the pool and earn fee's themselves as well!

Off-Chain Vote

For
914 NYOLINGS99.9%
Against
1 NYOLINGS0.1%
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Discussion

NyolingsEstablish Official Nyolings DEX Pool

Timeline

Dec 05, 2022Proposal created
Dec 05, 2022Proposal vote started
Dec 06, 2022Proposal vote ended
Oct 26, 2023Proposal updated