VFDP-6 The price went up too FAST

TL/DR

VITA-FAST DAO minted a new Uniswap LP position after the range was maxed out due to a rapid price increase. Should VITA-FAST maintain it's LP position?

Background

On the morning of December 6, 2023, the price of VITA-FAST increased significantly. This exhausted all of the VITA-FAST liquidity in the available Uniswap pools. As a result, an emergency proposal was proposed in Discord to provide liquidity (below). It was proposed that with 15 upvotes, it would be executed without an on-chain vote, violating governance protocols to accommodate an emergency situation. (Image below) This proposal is to retroactively vote whether to continue providing liquidity or remove this liquidity.

Proposal in Discord

The price of VITA-FAST skyrocketed overnight to >$14. There is no more liquidity left in the ETH/VITA-FAST pool. To allow for further trading, this proposal suggests we create a new Uni v4 position to provide 50 ETH and 8,418 VITA-FAST in liquidity at the current price up to 20x the current price (.00594 ETH - .1188 ETH).

Pros: This increases the liquidity that can flow into the project. Cons: This reduces our working capital for the project, but is not needed at the moment.

Voting

"Yes": Maintain the liquidity position. "No": Revoke the liquidity position.