GM fren!
Now that Stardust is live and trading, it has become apparent to me that having only a $SOJU / $BONSAI pair is a bit unstable, and we should probably also have a USDC or ETH liquidity pool pair!
If you look at this chart you can see our price compared to $Bonsai
Our ratio is looking gud, but this doesn't tell the whole story! Here's wut our USD chart value looks like in the $bonsai pool:
There have been almost no real sells (other than regular arbitrage bots) but our token price is following $bonsai very closely. This might not be such a bad thing if $bonsai goes up, but we should maybe also have another moar stable pair with liquidity ✨
This proposal asks to move around 80 Million STARDUST to this new pool pairing. This can come from the extra tokens that I sent to the DAO treasury. The pair will use another Arrakis V2 PALM vault on Uniswap V3 to bootstrap liquidity. This liquidity can be DAO-owned and generate trading fees for the treasury 💜
It could also be nice because we will have a moar normal looking chart/pool, instead of just the rekt $SOJU / $BONSAI pair chart from relaunching the token!