Yes, please! Thank you once again for thinking ahead on behalf of the DAO, much appreciated! <3
3 Likes
I support this proposal…
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In the words of Captain John Luc Picard:
“Make it so”
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I am all for this. Add the liquidity please.
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Great plan! I am in full support of this proposal!
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100 percent got my support
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Always good to be planning ahead of time and taking advantage of good prices. Let make it happen.
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I support this proposal. Very thought out and DAO focused.
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I fully support this proposal! Thank you for thinking of the market fluctuations ahead, good to also know that this will benefit the treasury by generating more passive income.
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This proposal is beneficial, I support it!
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Oui bonne idée j’approuve à 100%
Yes i approuve 100%
Long term thinking is the way of success
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Are there any other C/DEX’s, both new and old, that we could create liquidity pairs for trading/swapping/buying K9Finance coins?
I say no to putting up more liquidity into Uniswap. Even though I personally use both MM and UNI for my transactions, I believe in inclusivity. We should instead put a liquidity pair into another C/DEX to attract more stakers.
Blackrock is creating a framework for exchanges to trade in bitcoin right now. Do you think getting listed on that exchange would open up K9Finance to a broader market or be a waste of time IF we had the ability to?
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I think this is a good time to add more liquidity.
More liquidity less volatility will give new investors a bit more confidence in ouw wonderful Knine.
Support adding lp
1 Like
I love that you often bring a different opinion and an alternative perspective.
This makes everyone (or No One) question their own opinions and actually think critically.
Having said that, putting anything on CEXs requires large capital expenditures to get listed and the financial benefits of that are very questionable.
Putting anything on other DEXs may not necessarily bring in new exposure. When people going to DEX to swap for something generally they already made up their mind about what they are swapping for. I do not go to a DEX just to window-shop for a random unknown token to buy.
But foregoing the largest DEX would limit the potential revenue that DAO can earn from swap fees. As a DAO I would not choose that for the sake of ‘inclusivity’.
Coming back to original proposal - I provisionally support it.
There is a risk of impermanent loss (or permanent - if DAO decides to withdraw that liquidity).
But considering that we are (seemingly) in the early stages of next bull cycle - rising tide lifts all boats and in my personal opinion the chances of ETH rising over next 6-12 months are decent (NFA) so may provide superior returns to simply holding assets in USDT.
One thing I would like to know is what is expected APY from adding this extra liquidity to the LP given our current trading volume - to be able to compare it with the ±2.6% given for pure staking of ETH.
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Team is always thinking ahead…Great proposal…100%
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I’m assuming this will cause sell pressure for KNINE to be converted to ETH.
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This proposal does not include any selling of KNINE or any sell pressure of KNINE. What part of the proposal gave that impression so that it can be adjusted?
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Sweeet, thank you Buzz, I misunderstood when you stated convert 125k of KNINE…
This proposal suggests converting $125,000 of KNINE tokens and $125,000 of USDT (to be converted into WETH) to add liquidity to the DAO’s liquidity pool on Uniswap.
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Sounds Good…the sooner the better ETH is moving
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This proposal was discussed in the 11/11/24 Roundtable of Dogs meeting.
Summary here Meeting Summary for Roundtable of Dogs Meeting #8 11/11/24
This proposal has now moved to an on-chain vote Snapshot
2 Likes