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Vertex FinanceVertex Financeby0x3ACC73A5E87c24CDe92c69a52a9db9f5EE55294B0x3ACC…294B

Cross Chain Proposal #4.2 Dev Wallet Liquidity

Voting ended about 4 years agoSucceeded

What % of the developer wallet should be used for liquidity?

For the Arbitrum launch, we can add liquidity using dev wallet funds. While the pros in doing this certainly outweigh the cons to a degree, to use 100% of the developer funds is pretty reckless, since we will need some of that for marketing, development, graphic design, partnerships, gas fees, and recurring website/dapp expenses.

My aim for this liquidity is to drop half during presale/LGE to get in at a good price, and the other half afterwards to provide price support for holders. In the case of a locked LGE, the second half would be to boot up the secondary marketplace (for instance, pairing the LP from presale with USDC). In the case of a crowdpool or traditional presale, a buyback and LP after the airdrop would be more effective.

How much we talkin' here...

Here is the developer wallet: https://polygonscan.com/address/0xbd73a24FDab28ab44080b3766f24877A7e8BB177

Conveniently, most of it was moved into USDC, and there is about $5400 sitting there right now, unstaked. Marketing could easily cost that much or more, so could contracting a developer or NFT artist for future functions on the roadmap. Getting the most out of it requires a balanced approach - some liquidity, some for everything else.

I would like to see $2000 at least for a fair launch, but being that we will be doing a presale, that's really not necessary. Somewhere between 20-40% should show enough "skin in the game" to be taken seriously as a best effort and not be seen as reckless.

How to Vote

Please allocate your voting power across the options you are most comfortable with, given the above information. We'll do a weighted average.

Here are the options:

  • 10% (~$540)
  • 20% (~$1080)
  • 30% (~$1620)
  • 40% (~$2160)
  • 50% (~$2700)

Off-Chain Vote

10%
0 0%
20%
288.34 19.7%
30%
874.63 59.8%
40%
298.9 20.4%
50%
0 0%
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Timeline

Dec 02, 2021Proposal created
Dec 02, 2021Proposal vote started
Dec 09, 2021Proposal vote ended
Oct 26, 2023Proposal updated