背景

LON 代币的流动性目前主要分散在主网和 Arbitrum 网络的四个池子，流动性过于分散，管理难度大，也容易造成多边套利，当前行情剧烈波动的情况下，会带来池子内 USDT或 ETH 的损失。

• 以太坊主网
  • Uniswap v2 LON/ETH 约 363 万
  • Sushiswap v2 LON/USDT 约 390 万
• Arbitrum 网络
  • Sushiswap v2 LON/USDT 约 170 万
  • Uniswap v3 LON/USDC 约 37.7 万

提议

根据当前 LON 在链上的使用场景需求，来调整归集流动性

一、当前 LON 在链上的使用场景

1. 主网场景：主要用于 LON 的买卖提供流动性

• Arbitrum 场景：聚焦于 limit order 限价单+ Fiat24 LON 充值+ imToken Card 的应用场景

二、LON 流动性调整思路**（以 “最大效益” 和 “协议流动性安全” 为核心原则）**

（一）主网流动性调整

操作类型	具体操作内容	目的
保留（√）	保留以太坊主网的 Uniswap v2 LON/ETH 流动性池（规模约 $4M）	维持主网核心流动性
撤离（×）	撤离以太坊主网的 Sushi v2 LON/USDT 流动性池，资金返回社区金库	避免多角套利机会

（二）Arbitrum 流动性调整

操作类型	具体操作内容	目的
变更（优化）	将 Arbitrum 的 Uniswap v3 LON/USDC 流动性池调整为 “全区间流动性”（规模 $2M）	满足日常交易需求：充值卖出 1000 LON 时，滑价可控制在 0.6% 以内
撤离（×）	撤离 Arbitrum 的 Sushi v2 LON/USDT 流动性池，资金返回社区金库	避免多方套利机会

三、核心调整原因说明

1. 为何统一采用 “全流动性” 模式？

• 本质定位：流动性池子的核心目的是 “为市场提供充足流动性”，而非追求 “最高收益”，当前 LON 的交易需求与现有流动性已处于相对充足状态，无需通过非全区间模式追逐收益；
• 管理效率：采用全流动性可大幅简化流动性管理的资源投入（减少区间调整、参数优化等运维成本）。

2. 变更过程中的补充原则

在流动性池调整过程中，会根据 “当前流动性池内的代币实际数量”，动态调整 USDC、ETH 与 LON 的比例，确保调整后池子的流动性平衡与使用效率。

提案执行

• 以太坊主网撤离Sushiswap v2 LON/USDT 流动性， Uniswap LON/ETH 池子 TVL 调整为 $4M
• Arbitrum 网络撤离 Sushiswap v2 LON/USDT 流动性池，Uniswap v3 LON/USDC 流动性池调整为 “全区间流动性” $2M

投票规则

• 持有 LON、xLON 或 LON LP token 的钱包地址均能参与

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TIP 41：LON Liquidity Consolidation

Background

The liquidity for the LON token is currently fragmented across four pools on the Ethereum mainnet and Arbitrum network. This excessive fragmentation increases management difficulty and creates opportunities for multi-sided arbitrage, which can lead to losses of USDT or ETH in the pools, especially during periods of high market volatility.

• Ethereum Mainnet
  • Uniswap v2 LON/ETH  ~3.63 million
  • Sushiswap v2 LON/USDT ~3.90 million
• Arbitrum network
  • Sushiswap v2 LON/USDT ~1.70 million
  • Uniswap v3 LON/USDC ~0.37 million

Proposal

To adjust and consolidate liquidity based on the current usage scenarios for LON on-chain.

I. Current On-Chain Use Cases for LON

• Mainnet Scenario: Primarily used for buying and selling LON (providing liquidity).
• Arbitrum Scenario: Focused on Limit Orders + Fiat24 LON Top-ups + imToken Card application scenarios.

II. LON Liquidity Adjustment Strategy (Core Principles: "Maximum Benefit" and "Protocol Liquidity Safety")

（A）Mainnet Liquidity Adjustment

Action	Details	Objective
Retain（√）	Retain the Uniswap v2 LON/ETH liquidity pool on Ethereum Mainnet (~$4M scale)	Maintain core Mainnet liquidity
Withdraw（×）	Withdraw the Sushi v2 LON/USDT liquidity pool on Ethereum Mainnet; funds returned to the community treasury	Prevent multi-angle arbitrage opportunities

（B）Arbitrum Liquidity Adjustment

Action	Details	Objective
Change（Optimize）	Adjust the Arbitrum Uniswap v3 LON/USDC liquidity pool to "Full Range Liquidity" (~$2M scale)	Satisfy daily trading demand: Ensure slippage remains below 0.6% when swapping/selling 1000 LON.
Withdraw（×）	Withdraw the Arbitrum Sushi v2 LON/USDT liquidity pool; funds returned to the community treasury	Prevent multi-party arbitrage opportunities.

III. Explanation of Core Adjustment Reasons

1. Why adopt a uniform "Full Liquidity" model?

• Essential Positioning: The primary purpose of a liquidity pool is to "provide sufficient liquidity to the market," not to pursue "maximum returns." The current trading demand for LON is already relatively well-covered by existing liquidity, eliminating the need to chase higher returns via non-full-range modes.
• Management Efficiency: Adopting full-range liquidity significantly reduces the resources required for liquidity management (lowering operational costs for range adjustments, parameter optimization, etc.).

2. Supplementary Principles During the Change Process

During the liquidity pool adjustment, the ratio of USDC, ETH, and LON will be dynamically adjusted based on the actual token quantities in the current pools to ensure the liquidity balance and usage efficiency of the resulting pools.

Execution

• Ethereum Mainnet: Withdraw liquidity from the Sushiswap v2 LON/USDT pool; adjust Uniswap LON/ETH pool TVL to $4M.
• Arbitrum Network: Withdraw liquidity from the Sushiswap v2 LON/USDT pool; adjust Uniswap v3 LON/USDC pool to "Full Range Liquidity" at $2M.

Voting Rules

• Wallet addresses holding LON, xLON, or LON LP tokens are eligible to participate.