DIP-88 $Paper Liquidity Council
Details -
GM Hustlers,
This proposal seeks approval for the formation of the $Paper Liquidity Council to optimise liquidity for the DAO.
Why:
In the upcoming months we will likely need to make many adjustments around our liquidity – think; range rebalances, chain liquidity rebalances, etc. It is neither ideal nor workable to have a vote for each single adjustment. Having a council that has the freedom to tweak these parameters seems more efficient.
How:
@sprtn, @Slasha, @mazzi, @taniela.taki, @winstonwolfe would form such a council, with a mandate of 12 months beginning upon execution of successful vote. Any change to the council will have to be voted under a new DIP. The council would have freedom to adjust current $Paper liquidity in order to maximize the project success. The Council itself will require a four out of five quorum of agreement to make adjustments to the liquidity situation.
Limitations:
The council can’t deploy additional liquidity or it can’t remove existing liquidity without a DIP that authorises it to do so. Only existing liquidity can be rearranged between chains, exchanges, ranges within a single exchange, etc.
For your consideration
Tani & Mazzi
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xCED1...1840A8 | 504 | FOR |
 0x0331...D748D8 | 153 | FOR |
VOTE POWER
Proposal Status
- Sun January 14 2024, 06:59 amVoting Period Starts
- Sat January 20 2024, 04:35 pmEnd Voting Period
- Wed January 24 2024, 10:09 pmQueue Proposal
- Wed January 24 2024, 10:15 pmExecute Proposal
Current Results
1-FOR
657
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens