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$STARDUST DAO$STARDUST DAOby0x8CbF96319b3C56d50a7C82EFb6d3c46bD6f889BaSOJU

STARDUST Liquidity: Another Pool on Polygon

Voting ended over 1 year agoSucceeded

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

Screen Shot 2024-08-05 at 9.27.09 PM.png

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:

Screen Shot 2024-08-05 at 9.27.46 PM.png

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!

Off-Chain Vote

Yessum
1.38M SOJU96.9%
No thx
44.78K SOJU3.1%
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Timeline

Aug 06, 2024Proposal created
Aug 06, 2024Proposal vote started
Aug 09, 2024Proposal vote ended
Dec 20, 2025Proposal updated