"Temp Check" - Deploy a SHU/USDC Pool in Swapr V3 on Gnosis Chain

Swapr proposes to deploy a SHU/USDC pool in Swapr V3 AMM to be the primary liquidity source on Gnosis Chain. The original discussion was in the forum here: https://shutternetwork.discourse.group/t/shutter-dao-0x36-proposal-deploy-a-shu-usdc-pool-in-swapr-v3-on-gnosis-chain/404

Swapr is a marketplace that allows you to swap and bridge any token in 8 different chains. We believe in the privacy and decentralization that blockchain brings, that’s why we focus on privacy and anonymity for DeFi users with no user data being collected and having a decentralized frontend.

Swapr intends to work closely with shutter.network by serving an option for users to choose MEV resistant routes across mainnet and other L2s.

Shutter on Gnosis chain might at some point require Gnosis chain validators or Shutter Keypers to be able to stake the SHU token and Swapr will be willing to receive some SHU and USDC tokens to create a pool in Gnosis chain for the validators to be able to buy SHU for staking. The pool will create a full range strategy and upon price discovery, we will be engaging with automated liquidity managers to be able to get a deeper liquidity on a concentrated range.

Motivation

MEV and front-running brings significant challenges to the blockchain space, especially to users and traders. Shutter Network introduces a solution to mitigate this on Ethereum and with the deployment on Chiado network is also bringing it into Gnosis Chain.

Validators, Keypers and staking delegators will require a reliable DEX to acquire SHU tokens and stake them, therefore we believe that Swapr’s V3 AMM known for its concentrated liquidity model and the alignment of values between projects is perfect to fulfill this need.

Links

Swapr V3 - https://v3.swapr.eth.limo Swapr - https://swapr.eth.limo

Details

Swapr proposes to collaborate with Shutter DAO 0x36 in deploying Shutter Network on the Chiado testnet for MEV resistance testing. As validators will require SHU tokens to stake on the Gnosis chain, Swapr offers to create a dedicated SHU/USDC pool on its V3 AMM. This pool will provide validators with easy access to SHU tokens while ensuring efficient price discovery and liquidity provisioning.

Next Steps

Swapr and Shutter community discuss initial amounts required in forum Shutter DAO 0x36 votes on the proposal to designate Swapr as the primary liquidity source. Upon approval, Shutter provides liquidity for the pool to be created Swapr initiates the creation of the SHU/USDC pool on its V3 AMM. Validators on the Gnosis chain can seamlessly acquire SHU tokens and stake them, contributing to the network’s security and decentralization. Thank you in advanced to the Shutter community for reading the proposal, we look forward to work with you and grow together!