Summary:
This proposal seeks approval to move the existing GROW liquidity pool on Aerodrome (Base) to Solana, establishing a new pool on Raydium. The goal is to position ValleyDAO within a growing DeSci ecosystem on Solana, align with BIO’s upcoming liquidity strategy, and gain exposure to Solana’s expanding ecosystem.
Rationale for Moving to Solana:
- DeSci-Friendly Ecosystem:
- Solana has demonstrated strong support for DeSci initiatives. For example, Pump.science recently recorded hundreds of millions in trading volume within a week, signaling robust demand for DeSci projects.
- By relocating to Solana, ValleyDAO can contribute to this thriving DeSci ecosystem.
- Alignment with BIO’s Liquidity Strategy:
- BIO has announced plans to launch on Solana and establish BIO-BioDAO pools, alongside offering liquidity incentives.
- Hosting a GROW liquidity pool on Solana aligns ValleyDAO with these efforts and provides additional benefits to the ValleyDAO community through increased exposure and liquidity opportunities.
- Solana Exposure for ValleyDAO Treasury:
- Relocating the pool to Solana provides the ValleyDAO treasury with exposure to Solana’s ecosystem, diversifying its holdings and leveraging Solana’s potential growth.
Proposed Pool Details:
Funding Sources:
- ETH to SOL Conversion: ETH from the existing Aerodrome liquidity pool will be converted into SOL to fund the transition.
- Bridging GROW to Solana: GROW tokens from the existing Aerodrome liquidity pool will be bridged from Base to Solana to form the new liquidity pool.
Implementation Plan:
- A new token contract for GROW will be established on Solana.
- Bridging between Base and Solana will be facilitated via Wormhole, ensuring a seamless transition.
- The full liquidity pool sum from Base will be transferred to Solana.
We encourage all token holders to review this proposal and cast their votes.
Voting Options:
- Approve
- Deny (comment encouraged)
- Needs Revision (comment required)
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