The KittyVault Pooling Proposal

This will be a two step vote, which requires a yes vote in the first proposal to trigger a second proposal.

The first proposal is simple.

Should the KittyVault pool $YARN/ $ETH?

What does this mean?

The KittyVault will take a portion of its accumulated $YARN and a portion of its $ETH savings and put them into the pool at the market rate at that time.

If successful, the second proposal will determine how much $ETH is used to back the $YARN.

The cons are quite clear. This KittyVault ETH can’t be used for anything else if it is used for the pool.

There is the potential that in time the fees accrued by the pooling is higher than the amount of ETH we put in. This is speculation and is impossible to say.

There is also the possibility that the pool accuses $ETH if the price goes up of $YARN. This means the KV would have more ETH than we put in. Again, speculation, impossible to say.

There are multiple pros, but the main big one is liquidity itself. It helps our community if people have the ability to buy $YARN if they want. Right now it isn’t possible to buy a few mints if you want to be able to. If we were to pool a large chunk of the $ETH it would be very possible.

People will also have more of an ability to sell their $YARN. While I know many people will not want this to be highlighted, normally it is seemed as allowing people to dump as bad, remember, the more people that sell, the more $YARN can be scooped by the buyers.

Please Vote Yes / No - Should the KittyVault Pool $YARN and $ETH?