Dear governors,
We have a solid amount of POWER and PUZZLE tokens sitting in the treasury. Herewith I suggest using a part of it to set up the DAO owned megapool on Puzzle Swap.
I propose to launch a megapool with 70 PWR and 3500 PUZZLE to set up the pool with following parameters:
- pool fee: 1%
- pool name: POWER-PUZZLE
- pool domain: pwrpzl
- polo logo: Power logo
- pool composition is targeted as 50% PWR, 50% PUZZLE but might be adjusted to market rates to fit entire amounts (for example 55% pwr, 45% puzzle)
- pool owner: 3PEwRcYNAUtoFvKpBhKoiwajnZfdoDR6h4h
Advantages
-
more liquidity for PWR token; right now the PWR token has as little as $25k on-chain liquidity, while launching the new pool with a protocol-owned liquidity will double this value
-
earning APY on owned tokens, instead of just holding them
-
pool owner benefit; setting up a new pool will make DAO earn 10% of all its fees forever
Disadvantages
-
impermanent loss is possible, but should be covered with a good fee APY which is expected in terms of the upcoming Waves DAO epoch change
-
pool creation costs 20 PUZZLE ($75), which will be automatically burned
In general I think it’s a good way to yield additional rewards for the treasury and give a significant strategic boost to both tokens owned by our DAO.
Proposal tx:
delegatePoolCreation(70 pwr, 3000 puzzle)
{
“payment”: [
{
“amount”: 7000000000,
“assetId”: “2thsACuHmzDMuNezPM32wg9a3BwUzBWDeSKakgz3cw21”
},
{
“amount”: 350000000000,
“assetId”: “HEB8Qaw9xrWpWs8tHsiATYGBWDBtP2S7kcPALrMu43AS”
}
],
“call”: {
“function”: “delegatePoolCreation”,
“args”:
},
“chainId”: 87,
“dApp”: “3PPx6dVYXixGLD11zaCMAmjmVA2vnAs8fpj”,
“feeAssetId”: null,
“initialFeeAssetId”: null,
“proofs”: ,
“type”: 16,
“version”: 2,
“fee”: 900000,
“senderPublicKey”: “GDPfYHA6NUZCmin3J7LWZhCvSjBcna8HebyvQyrw17v”,
“timestamp”: 1691490158000
}