Shutter DAO to add their own liquidity and lock tokens for a year
Motivation
The LBP has raised $8.31M USDC and sold 40M SHU.
Lot of investors read that 20%* of the raise would be added into liquidity, so far that hasn’t been the case, although it has an astrix, it’s still not a good look to add so little after raising $8.31M USDC
Based on the above, and overall sentiment, I propose for Shutter DAO 0x36 to prepare additional Uniswap v2 pool liquidity, so that the Uniswap v2 pool has minimum liquidity equal to or greater than 20% of the funds raised in the LBP - on each side.
If proposal #11 passes - then the Uniswap v2 pool will have what we believe will be sufficient liquidity for an LBP raising $8.31M USDC (Fractal)
6M SHU ($750K worth of SHU at $0.125 per token), and
$750K USDC
LP Tokens
If Artis must setup the pool then we recommend that Shutter DAO 0x36 holds the LP tokens in its treasury. Artis will immediately transfer the LP tokens to the treasury after setting up the Uniswap v2 SHU/USDC pool.
Considering the upcoming unlock schedule and referencing my previous contributions to other proposals, I am convinced that adopting this strategy aligns with the best interests of all stakeholders.
The DAO must prioritize safeguarding the future value of incentives within the Shutter ecosystem. For additional context and to underscore the importance of this matter, please refer to my earlier entry as well. ( Mainly my concerns are being validated by current price action but we can stop this )
In support of @Shaggy’s proposal, I strongly advocate for the DAO to take decisive action. This approach not only ensures the stability and growth of the Shutter ecosystem but also reinforces our commitment to fostering a robust and resilient community.
I think that this is a great initiative. Enhanced liquidity, relative to the total funds raised from the LBP, is critical for SHU going forward. When looking at previous LBPs, one of the biggest factors in their success post-LBP was onchain liquidity. A good example of this can be seen in OLAS’ liquidity.
Healthy liquidity fosters less volatility while enhancing distribution mechanics, which is essential for the DAO to grow.
Thanks for the proposal. As your proposal would require on-chain actions and a Fractal vote, please try to structure and format the proposal with all the required information following this template: [Required - On-chain] A Shutter DAO Proposal Structure Template
This helps the community more easily follow the proposals that are submitted as well as review them before voting.
Thank you for this proposal. At Kleros Labs, we will support it. We think it is important that ShutterDAO has good liquidity on-chain and the ability to hold its own LP tokens, especially for a Uniswap V2 pool, which should be quite straightforward to manage.
As I do not see that the author is really engaging with the discussion around their proposal, I would see two possible options: Either someone from the community turns this into a proper proposal and vote, or this is should be considered abandoned.