# Proposal to Deploy a DEX Pool On a Low Cost Chain (Part 3) **URL:** \ **Category:** SD 0x36 Proposals\ **Created:** [April 18, 2024, 9:41am UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370 "2024-04-18T09:41:13Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![Cornelis](https://avatars.discourse-cdn.com/v4/letter/c/67e7ee/32.png) [@Cornelis](https://shutternetwork.discourse.group/u/Cornelis)\ **Post date:** [April 18, 2024, 9:41am UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370/1 "2024-04-18T09:41:13Z")
| Proposal Title | Author(s) | Phase | Type | Date Created | | --- | --- | --- | --- | --- | | Proposal to Deploy a DEX Pool on a Low Cost Chain (Part 3) | Cornelis Theodorus van der Klooster | I | On-chain | 15.03.2024 | # Title Proposal to Deploy a DEX Pool On a Low Cost Chain (Part 3) ## Proposal We propose Shutter DAO 0x36 deploy a SHU/USDC pool on Uniswap v3 on the Optimism Mainnet. We also propose Shutter DAO 0x36 provides 350,000 USDC and an equivalent amount of SHU (at market prices) to be used to fund the pool. Note that anyone can deploy DEX pools, but we recommend Shutter DAO 0x36 focus on one additional chain to reduce liquidity fragmentation. ## Process If the proposal passes, the following process will be triggered: - Shutter DAO 0x36 will transfer 350,000 USDC and 7,500,000 SHU to Artis - Artis will deploy the SHU/USDC pool on behalf of Shutter DAO 0x36 on Uniswap v3 on Optimism Mainnet - Artis will fund the SHU/USDC pool on behalf of Shutter DAO 0x36 with 350,000 USDC and an equivalent amount of SHU (at market prices) - Artis will transfer any excess SHU to the Shutter DAO 0x36 treasury - Artis will transfer the Uniswap v3 Liquidity Pool NFT to a SAFE on Optimism Mainnet controlled by the Shutter DAO 0x36 on Ethereum Mainnet ## Background [Shutter DAO 0x36 Proposal Deploy a DEX Pool on a Low Cost Chain (Part 1)](https://shutterdao.discourse.group/t/shutter-dao-0x36-proposal-deploy-a-dex-pool-on-a-low-cost-chain-part-1/341) - Forum Discussion: [https://shutterdao.discourse.group/t/shutter-dao-0x36-proposal-deploy-a-dex-pool-on-a-low-cost-chain-part-1/341](https://shutterdao.discourse.group/t/shutter-dao-0x36-proposal-deploy-a-dex-pool-on-a-low-cost-chain-part-1/341) - Snapshot: [https://snapshot.org/#/shutterdao0x36.eth/proposal/0x6f5ffa38a7a4840bb5ac1115b29ae7caffba975de292e344ba8708eef2a6a7e9](https://snapshot.org/#/shutterdao0x36.eth/proposal/0x6f5ffa38a7a4840bb5ac1115b29ae7caffba975de292e344ba8708eef2a6a7e9) [Shutter DAO 0x36 Proposal Deploy a DEX Pool on a Low Cost Chain (Part 2)](https://shutterdao.discourse.group/t/shutter-dao-0x36-proposal-deploy-a-dex-pool-on-a-low-cost-chain-part-1/341) - Forum Discussion: [https://shutterdao.discourse.group/t/shutter-dao-0x36-proposal-deploy-a-dex-pool-on-a-low-cost-chain-part-2/358](https://shutterdao.discourse.group/t/shutter-dao-0x36-proposal-deploy-a-dex-pool-on-a-low-cost-chain-part-2/358) - Snapshot: [https://snapshot.org/#/shutterdao0x36.eth/proposal/0xd8c06ee35b42344e8e4cda8ae968ac108dc4c3c57bd19d9d8a7b09a84260f4e3](https://snapshot.org/#/shutterdao0x36.eth/proposal/0xd8c06ee35b42344e8e4cda8ae968ac108dc4c3c57bd19d9d8a7b09a84260f4e3) ## Platform Fractal (on-chain transfers will be executed if the proposal is approved) ## Transactions TBD ## Voting Options Vote “Yes” to deploy a SHU/USD pool on Uniswap v3 on Optimism Mainnet on behalf of Shutter DAO 0x36 and to fund the SHU/USD pool with 350,000 USDC and an equivalent amount of SHU (at market prices) OR Vote “No” to not deploy and fund the pool OR Vote “Abstain” if you do not have an opinion but want to help the vote reach quorum ## License CC0: This work is marked with [CC0 1.0](https://creativecommons.org/publicdomain/zero/1.0/) as dedicated to the public domain. ---
**Author:** ![Novak](https://dub1.discourse-cdn.com/flex017/user_avatar/shutternetwork.discourse.group/novak/32/255_2.png) [@Novak](https://shutternetwork.discourse.group/u/Novak)\ **Post date:** [June 28, 2024, 9:48pm UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370/2 "2024-06-28T21:48:20Z")
Hey guys! 😃 We are defining the scope of this demand, as we show below. Since we are focusing on the [Gnosis task](https://shutternetwork.discourse.group/t/final-proposal-to-deploy-a-shu-usdc-pool-in-swapr-v3-on-gnosis-chain/441/4) first, because of the launch, there is no update here beside having the cards organized in the kanban. **Deploying A DEX Pool on a Low Cost Chain** | Task | Estimated Hours | | --- | --- | | [Deploy A Standard Token](https://github.com/orgs/blockful-io/projects/9/views/2?pane=issue&itemId=68619754) | To be scoped | | [Make SHU Available in the Optimism Bridge UI](https://github.com/orgs/blockful-io/projects/9/views/2?pane=issue&itemId=68621249) | To be scoped | As soon we have updates on this project, I’ll post here again! Any questions or feedback for improvement please let me know. 🫡 ---
**Author:** ![Novak](https://dub1.discourse-cdn.com/flex017/user_avatar/shutternetwork.discourse.group/novak/32/255_2.png) [@Novak](https://shutternetwork.discourse.group/u/Novak)\ **Post date:** [July 25, 2024, 6:06pm UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370/3 "2024-07-25T18:06:05Z")
Hey Shutter Community! 😃 We started to work on this demand as shows below: **Deploying SHU on Optimism** | Task | Estimated Hours | Status | Cost | | --- | --- | --- | --- | | [Deploy A Standard Token in Optimism](https://github.com/orgs/blockful-io/projects/9/views/2?pane=issue&itemId=68619754) | 16h | In Progress | $1.360 | | [Make SHU Available in the Optimism Bridge UI](https://github.com/orgs/blockful-io/projects/9/views/2?pane=issue&itemId=68621249) | 8h | To do | $680 | - **Timeline for completion:** We expect to finish it by 29th Jul. - Issues are linked on the scope description - Estimated hours in Tasks that aren’t Done can suffer change. As soon we have updates on this project, I’ll post here again! Any questions or feedback for improvement please let me know. 🫡 ---
**Author:** ![alextnetto.eth](https://dub1.discourse-cdn.com/flex017/user_avatar/shutternetwork.discourse.group/alextnetto.eth/32/541_2.png) [@alextnetto.eth](https://shutternetwork.discourse.group/u/alextnetto.eth)\ **Post date:** [August 1, 2024, 6:34pm UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370/4 "2024-08-01T18:34:10Z")
Hey community, the SHU token was [deployed on OP](https://optimistic.etherscan.io/token/0xaf1d71bf947709315655514467d5158e5d3046d5)! Task specification can be found [here](https://github.com/orgs/blockful-io/projects/9/views/2?pane=issue&itemId=68619754), and the repo with more information and documentation [here](https://github.com/blockful-io/shutter-bridge-op). Bridging from Mainnet to OP was already tested, from OP to Mainnet takes 7 days and it’s being [tested](https://github.com/blockful-io/shutter-bridge-op). In 5 days we’ll come back to confirm. ---
**Author:** ![alextnetto.eth](https://dub1.discourse-cdn.com/flex017/user_avatar/shutternetwork.discourse.group/alextnetto.eth/32/541_2.png) [@alextnetto.eth](https://shutternetwork.discourse.group/u/alextnetto.eth)\ **Post date:** [August 7, 2024, 7:07pm UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370/5 "2024-08-07T19:07:47Z")
We just tried to withdraw SHU using [Superbridge](https://superbridge.app/optimism) and generated proof of withdrawal. Apparently, the [TX on L2](https://optimistic.etherscan.io/tx/0xf1d10c5f35212841c6f46d47d728e1d9b846f7846700182155ebc4142b05b1cc) wasn’t enough. ![telegram-cloud-photo-size-1-5014855651226136001-y](https://europe1.discourse-cdn.com/flex017/uploads/shutterprotodao/original/1X/6fa47d4304627cd868c83047df6825b3455d20d9.jpeg) In test net, the withdrawal normally happened ([tx](https://sepolia.etherscan.io/tx/0x882e5d85167edc6e9554c7f1d186b9a7b9ed4cf1a0a721accce9a955c77c1104)), will give the update here when the withdraw is completed in mainnet. We recommend only using it after we complete this tests. ---
**Author:** ![Novak](https://dub1.discourse-cdn.com/flex017/user_avatar/shutternetwork.discourse.group/novak/32/255_2.png) [@Novak](https://shutternetwork.discourse.group/u/Novak)\ **Post date:** [August 9, 2024, 7:20pm UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370/6 "2024-08-09T19:20:31Z")
Hey Shutter Community! 😃 We finished the work on this demand as shows below: **Deploying SHU on Optimism** | Task | Estimated Hours | Status | Cost | | --- | --- | --- | --- | | [Deploy A Standard Token in Optimism](https://github.com/orgs/blockful-io/projects/9/views/2?pane=issue&itemId=68619754) | 16h | Done | $1.360 | | [Make SHU Available in the Optimism Bridge UI](https://github.com/orgs/blockful-io/projects/9/views/2?pane=issue&itemId=68621249) | 8h | Done | $680 | - Issues are linked on the scope description As @alextnetto.eth send above, it only needs to conclude the Test in the Mainnet. ---
**Author:** ![zeugh](https://dub1.discourse-cdn.com/flex017/user_avatar/shutternetwork.discourse.group/zeugh/32/301_2.png) [@zeugh](https://shutternetwork.discourse.group/u/zeugh)\ **Post date:** [September 24, 2024, 2:58pm UTC](https://shutternetwork.discourse.group/t/proposal-to-deploy-a-dex-pool-on-a-low-cost-chain-part-3/370/7 "2024-09-24T14:58:56Z")
We have now bridged SHU to Optimism and back to Mainnet: ![telegram-cloud-photo-size-1-5156631417860500914-y](https://europe1.discourse-cdn.com/flex017/uploads/shutterprotodao/original/1X/e3fe12ec8e38b32f2b298d4b70ff694373aaa7ab.jpeg)r We’re sorry for the delay in confirming the success of this task. We got stuck in a system reset, which took us a while to notice. This resulted in 7 days for the first run, 7 more for the post-reset run, and over two weeks that we thought we were done but things had been reset.