O3 Swap to balance O3 liquidity on Metis, Celo, KCC, Astar, and Bitgert

Despite our efforts to encourage our users to rebalance O3-pO3 liquidity through arbitrages, there has been a significant imbalance between O3-pO3 liquidity in O3 pools on Metis, Celo, KCC, Astar, and Bitgert networks. This has caused liquidity providers in these pools to have problems removing liquidity.

Hence, based on community feedback, we’re letting our community decide if O3 Swap should rebalance O3 and pO3 liquidity by depositing pO3 in these pools so that liquidity providers are able to remove their liquidity.

Unbalanced O3-pO3 pools:

If the proposal gets voted passed, O3 Labs will rebalance these pools within 5 working days, so that users can cross-chain swap their tokens on other networks!

At the same time, we also proposed to redistribute APR on Metis, Celo, KCC, Astar, and Bitgert to other networks, please head over there and cast your vote which will decide the APR earnings on $O3 pools on other networks.