Background

• Based on the Tokenlon litepaper, 10,000,000 LON has been set aside for liquidity mining incentives. Liquidity mining started on 24th Dec 2020 and has run for 7 consecutive phases, with 6.8 million LON given out for the two liquidity pools
  • Uniswap LON/ETH pool
  • Sushiswap LON/USDT pool
• Following TIP 24, the remaining LON has been added to the LON/USDT pool. These funds will be used to ensure liquidity for LON buyback when triggered
  • Sushiswap LON/USDT TVL is currently at $5.94 Million, daily trade volume is at $100,000 on average
  • The funds are underutilised
• As one of the most active Layer 2 ecosystems as well the Optimistic Rollup solution with the most potential, Tokenlon has launched limit order on Arbitrum. While LON is the governance token of Tokenlon, it is only available on the Ethereum network. To support LON trading on Arbitrum, we will need to create LON liquidity on the Arbitrum network

Goal

• The community to vote on whether LON liquidity pools should be created on Arbitrum. Firstly, this will satisfy the user's trading needs for LON on Arbitrum and lower the trading cost. Secondly, it will give LON additional token utility in the layer 2 ecosystem

Proposal

• Create a LON/USDT liquidity pool on Arbitrum at Sushiswap. This is after assessing the TVL of different projects on Arbitrum as well as the needs of users who want to trade LON using Tokenlon limit order
• We will start with a $200,000 liquidity pool, which can be adjusted depending on the situation in the future

Token	Source of liquidity	Initial amount
USDT	L1 LON/USDT pool	100,000
LON	L1 LON/USDT pool	1:1 Ratio with USDT

Action Item

• Withdraw $200,000 LP tokens from the current Sushiswap L1 liquidity pool and redeem LON & USDT. The Tokenlon team will then create a LON/USDT liquidity pool of $200,000 on Sushiswap Arbitrum

Voting Rules

• Only holders of LON, xLON and/or LON LP tokens can vote

Vote Options

• Support
• Reject

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TIP33 - 在 Arbitrum 部署 LON 流动性

背景

• 根据 Tokenlon litepaper 规划，10,000,000 LON 可被用于流动性预算；核心团队于 2020.12.24 开启第一期流动性激励，连续七期鼓励社区用户，为以下两个币对提供流动性，总奖励支出 680 万 LON：
  • Uniswap 上的 LON/ETH 池
  • Sushiswap 上的 LON/USDT 池
• TIP 24 提案社区投票通过后，已将 LON 剩余流动性预算全部添加至 LON/USDT pool，为后续 LON 回购机制运转提供流动性保障
  • 目前 Sushiswap LON/USDT TVL $594w，日均交易量 $10w
  • 整体资金利用效率偏低
• Arbitrum 是 Layer2 生态关注度最高，最具发展潜力的 Rollup 解决方案，Tokenlon 限价单也选择了部署在 Arbitrum 二层；LON 作为 Tokenlon 协议的治理代币，目前仅部署在以太坊主网，支持交易 LON 需在 Arbitrum 二层部署流动性。

目的

• 由社区投票决定，是否在 Arbitrum 部署 LON 流动性。提案若通过，一方面可以满足 Arbitrum 上的用户交易需求，降低用户的交易成本；另一方面为后续拥抱 Layer 2 生态发展机遇，拓展更多LON 应用场景和合作机会做好准备。

提议

• 综合参考了 Arbitrum 上各个项目的 TVL，并结合 当下 Tokenlon limit order 对 LON 的交易需求，在 Arbitrum 上的 Sushiswap 创建 LON/USDT pool
• 初期 TVL 建议部署 $20w，后续可根据实际情况再做调整

交易对	资金来源	初始数量
LON	L1 LON/USDT pool	按 USDT 价值 1:1
USDT	L1 LON/USDT pool	100,000

执行项

• 由 Tokenlon 核心团队在 Sushiswap LON/USDT pool 提取 $20w LP，赎回 LON&USDT，并在 Arbitrum 上的 Sushiswap 创建部署 LON/USDT 流动性池

投票规则

• 持有 LON、xLON 或 LON LP token 的钱包地址，均能参与投票

投票选项

• 支持
• 反对