Lottery Burn Allocation

Background

The FunORB Lottery ORB share is currently set aside for burning. We’ve been converting these ORB tokens into ORB/GLMR LP tokens on Beamswap and then burning the corresponding LP tokens. While this strategy provides permanent liquidity, it has a negative impact on the ORB token price.

Option 1: Continue with Permanent Liquidity

Pros:

• Guarantees a permanent share of ORB/GLMR LP that is community-owned and cannot be removed. • Enhances long-term protocol stability through permanent liquidity.

Cons:

• Negatively affects ORB token price. • May deter new investors due to the price depression.

Option 2: Direct Burning of ORB Tokens

Pros:

• Likely to have a positive impact on ORB token price. • May attract more investors.

Cons:

• Risks liquidity issues in the ORB/GLMR trading pair. • Could affect the long-term stability of the protocol.

Proposal

Should we continue with the current mechanism of creating permanent liquidity by converting ORB into ORB/GLMR LP on Beamswap and burning the LP tokens, or should we switch to directly burning the ORB tokens?

• Continue with Permanent Liquidity • Switch to Direct Burning of ORB Tokens