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StarSeeds DAOStarSeeds DAOby0xF60De76791c2F09995df52Aa1c6e2E7DcF1E75d7starseeds-protocol.eth

LP Strategy Update - Primary Peg Shift to BTC

Voting ended over 1 year agoSucceeded

Historically, STARV4 has been loosely pegged to WMATIC, followed by WETH and WBTC.

Since the Polygon foundation announced a 1 billion MATIC year spend rate to fund the development of the Polygon network, the price of MATIC compared to WBTC has plummeted, with no signs of stopping.

As such I recommend that the StarSeeds Protocol withdraw from all concentrated wmatic-STARV4 LPs, and then deposit 50% of held WMATIC into a standard V2 LP with STARV4, and the rest of the WMATIC to be sold for WBTC.

I am also recommending that all StarSeeds Protocol owned liquidity be moved to an concentrated DodoX Liquidity Pool with STARV4 between a coefficient depth of 0.005 and 0.01 along with fee range between 0.4-0.8.

Off-Chain Vote

Approve
2.14M STARSEEDS100%
Deny
0 STARSEEDS0%
Further Discussion Required
0 STARSEEDS0%
Quorum:4277%
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Timeline

Aug 28, 2024Proposal created
Aug 29, 2024Proposal vote started
Sep 03, 2024Proposal vote ended
Dec 22, 2025Proposal updated