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Tubby TurtlesTubby Turtlesby0x0690C9892e2DfbD6D7AE5c9601483100F0BBCa57tubbyturtles.eth

Allocating expired liquidity farm funds to new a farm

Voting ended over 2 years agoSucceeded

#Introduction: The purpose of this proposal is to possibly allocate funds from the SHL liquidity farm that expired about 5 months ago to enhance the liquidity of SHL. Most tokens left in there seem to be forgotten tokens left unclaimed by users, those tokens could be repurposed for a new liquidity farm to improve the SHL liquidity.

#Proposal Details: We propose allocating the remaining 450.913 SHL tokens (Will get rounded up to 2.000.000 SHL by Arantuil) from the recently expired "Farm A" (https://explorer.energyweb.org/address/0xd99A2f8CE0c503363f81484220113A9CAfE44DC3) to initiate a new liquidity farm, "Farm B," dedicated to SHL tokens. The new liquidity farm, Farm B, will offer incentives for liquidity providers who stake SHL tokens and EWT. These incentives will be distributed in SHL tokens, promoting higher SHL liquidity within the ecosystem.

#The rationale behind allocating these funds is to: Make use of the unused tokens in the farm contract. Strengthen SHL token liquidity, making it easier for users to trade and access SHL tokens. Attract more users and liquidity providers to the Energy Web ecosystem. Enhance the overall health and growth of the Tubby Turtle/SHL ecosystem.

#Implementation Plan: Set up "Farm B" on the Energy Web Chain. Transfer the allocated 450.913 SHL tokens from "Farm A" to "Farm B." Top up the remaining amount to 2.000.000 SHL. Define the reward structure for liquidity providers in "Farm B."

#Timeline: Proposal Posting: October 26, 2023 Voting Period: October 26- October 31, 2023 Implementation: November 1, 2023 End date of new farm: December 31, 2024

#TLDR: If you have any unclaimed SHL from the expired liquidity farm, claim them now. (https://farm.tubbyturtles.com/) Allocating the funds from the expired liquidity farm to boost SHL token liquidity in a new farm will benefit the Tubby Turtles ecosystem by strengthening SHL's presence.

Off-Chain Vote

Yes
44.06M VOTE100%
No
0 VOTE0%
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Timeline

Oct 26, 2023Proposal created
Oct 26, 2023Proposal vote started
Oct 31, 2023Proposal vote ended
Oct 31, 2023Proposal updated