RIP #6 - Bring back liquidity to Trader Joe
Hey ruggers,
While developing our own DEX is important long term, having exposure on the most popular Avalanche DEX is crucial in onboarding new users to the platform.
Liquidity on Joe is under $10K on RUG/MIM and under $200 on RUG/AVAX at the moment. This gives RUG ecosystem a bad look from newcomer perspective, and forcing them to use Rugswap introduces unnecessary tension in bringing new money in (few wish to use an unfamiliar, niche DEX when starting out).
Herein I propose to bring a certain % of Rugswap liquidity back to Trader Joe RUG/AVAX pair to facilitate the onboarding of small-scale traders while forcing whales to use our DEX, where most of the liquidity will reside.
Off-Chain Vote
Bring 40% of liquidity back
11.78K 48.8%
Bring 30% of liquidity back
563.07 2.3%
Bring 20% of liquidity back
288.43 1.2%
Bring 10% of liquidity back
135.35 0.6%
Do nothing
11.38K 47.1%
Timeline
Dec 13, 2021Proposal created
Dec 13, 2021Proposal vote started
Dec 14, 2021Proposal vote ended
Oct 26, 2023Proposal updated