congruentlabs / bigcap-dao

Proposal management for the BIGCAP DAO
MIT License
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Release 10 ETH to add to DEX liquidity #1

Open cl-tim opened 1 year ago

cl-tim commented 1 year ago

The BIGCAP DAO currently holds 25.24 ETH. As the first BIGCAP ladder is limited to 10 ETH, there is excess currently available beyond what is needed for starting the ladders.

This proposal is requesting to release 10 ETH to the BIGCAP deployer address: 0x61a2360447C4d1062a8b54b74AaBc12a075f43A5

5 ETH will be used to purchase BIGCAP from Uniswap at the market rate of the time. The BIGCAP purchased will then be added as liquidity pair tokens using the remaining 5 ETH.

Also this proposal will modify the DAO to only allow addresses holding 100,000 BIGCAP to open proposals (set proposal threshold to 100000000000000000000000)

cl-tim commented 1 year ago

I've added the proposal threshold to 100000 as part of this proposal as an extra action, just to save going to vote more than once. If you want that handled as a separate vote then please let me know.

JCJ737 commented 1 year ago

agree with this proposal and min address to vote. Thank you Tim

SataCenturion commented 1 year ago

I am for this proposal. Better to add liquidity and conduct buybacks on a bottomed chart than provide exit liquidity to swing traders

singoku commented 1 year ago

I am supporting this proposal and fine with the threshold being in one vote.

CryptoRake commented 1 year ago

I also support this proposal for releasing 10 Eth to the deployer address and adding to BIGCAP liquidity. The 100,000 minimum BIGCAP holdings requirement to open proposals, also seems sensible. Your work is appreciated Tim!

stracko87 commented 1 year ago

Im also for the proposal

RunningWithTurtles commented 1 year ago

In favor

cl-tim commented 1 year ago

No objections to this proposal, it's now queued on-chain: https://www.tally.xyz/gov/eip155:1:0x442660DDf67dd90f9a75885b2e2312F991b3027B/proposal/106016810842192576726457279145678778015428717221586815807129106130252449606994