VIP-13: Relocation of ValleyDAO Liquidity Pool from Base to Solana

Summary: This proposal seeks approval to move the existing GROW liquidity pool on Aerodrome (Base) to Solana, establishing a new pool on Raydium. The goal is to position ValleyDAO within a growing DeSci ecosystem on Solana, align with BIO’s upcoming liquidity strategy, and gain exposure to Solana’s expanding ecosystem.

Rationale for Moving to Solana:

1. DeSci-Friendly Ecosystem:

• Solana has demonstrated strong support for DeSci initiatives. For example, Pump.science recently recorded hundreds of millions in trading volume within a week, signaling robust demand for DeSci projects.
• By relocating to Solana, ValleyDAO can contribute to this thriving DeSci ecosystem.

2. Alignment with BIO’s Liquidity Strategy:

• BIO has announced plans to launch on Solana and establish BIO-BioDAO pools, alongside offering liquidity incentives.
• Hosting a GROW liquidity pool on Solana aligns ValleyDAO with these efforts and provides additional benefits to the ValleyDAO community through increased exposure and liquidity opportunities.

3. Solana Exposure for ValleyDAO Treasury:

• Relocating the pool to Solana provides the ValleyDAO treasury with exposure to Solana’s ecosystem, diversifying its holdings and leveraging Solana’s potential growth.

Proposed Pool Details:

Funding Sources:

• ETH to SOL Conversion: ETH from the existing Aerodrome liquidity pool will be converted into SOL to fund the transition.
• Bridging GROW to Solana: GROW tokens from the existing Aerodrome liquidity pool will be bridged from Base to Solana to form the new liquidity pool.

Implementation Plan:

A new token contract for GROW will be established on Solana. Bridging between Base and Solana will be facilitated via Wormhole, ensuring a seamless transition.

The full liquidity pool sum from Base will be transferred to Solana.

We encourage all token holders to review this proposal and cast their votes.