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SX.betSX.betby0x025b9FD9F1ed818d688e19c5F43c500bf44cEA470x025b…EA47

Boosting SX Liquidity with the Community Fund

Voting ended over 2 years agoSucceeded

The next proposal is to use the Community Fund to both buy SX on SharkSwap and provide it as liquidity. The proposal is simple: take $600,000 USDC from the Community Fund to buy SX directly from the open market and lock them into a liquidity pool (LP) on DEXs such as SharkSwap or Uniswap. This proposal would be implemented over the course of a few weeks in order to prevent front-running and price slippage.

In practice, this means buying $300,000 of SX and then combining it with $300,000 of USDC for a total addition of $600,000 new liquidity to the SX-USDC pair on SharkSwap.

See discord for discussion

Off-Chain Vote

Yes - boost SX liquidity
29.93M WSX99.9%
No - don't boost SX liquidity
29.11K WSX0.1%
Download mobile app to vote

Discussion

SX.betBoosting SX Liquidity with the Community Fund

Timeline

Jul 24, 2023Proposal created
Jul 24, 2023Proposal vote started
Jul 29, 2023Proposal vote ended
Oct 26, 2023Proposal updated