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X7 Finance DAOX7 Finance DAOby0x130EeDE39A025363625F422F1B3857bf36A621Dd0x130E…21Dd

Migrating X7 Liquidity from Uniswap to Xchange

Voting ended about 2 years agoDefeated

Proposal Overview

This proposal advocates for the migration of all X7 liquidity currently residing on Uniswap to Xchange.

The primary objective is to enhance the sustainability and growth of the X7 ecosystem by diverting trading activity towards Xchange, where 0.1% of each trade will be directed to the ecosystem splitter.

Rationale

  1. Economic Sustainability:

    • By migrating liquidity to Xchange, 0.1% of each trade conducted on the platform will be directed to the ecosystem splitter. This mechanism provides continuous liquidity for tokens, funds the lending pool, and fills allocated treasuries, ensuring economic sustainability and growth.
  2. DAO Empowerment:

    • Xchange is an integral part of the X7 ecosystem, and channeling liquidity through the native DEX reinforces DAO engagement and governance. DAO members will have a more direct impact on the growth and allocation of resources within the ecosystem.
  3. Enhanced Token Utility:

    • X7 token holders will experience increased utility as a result of trading on Xchange. The ecosystem splitter's allocation of trading fees contributes to the overall health of the X7 network, creating a positive feedback loop for participants.

Contingency Plan

Note: In the event that this proposal does not pass, a secondary proposal for a 50% migration can be brought forth for community consideration and voting.

Conclusion

Migrating X7 liquidity from Uniswap to Xchange, where 0.1% of each trade goes to the ecosystem splitter and supports liquidity, lending pool, and treasuries, is a strategic move that aligns with the long-term goals of the X7 ecosystem. By centralizing trading activities on Xchange, we can foster economic sustainability, empower the DAO and enhance the overall utility of the X7 tokens.

Off-Chain Vote

For
1.08M X7DAO10.2%
Against
9.51M X7DAO89.8%
Abstain
1.29K X7DAO0%
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Timeline

Dec 10, 2023Proposal created
Dec 10, 2023Proposal vote started
Dec 17, 2023Proposal vote ended
Dec 17, 2023Proposal updated