BaBag.win
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BAG Liquidity Position Adjustment

Published

7/10/2025, 6:05:18 PM

Closes

7/17/2025, 6:05:18 PM

Votes

7

Voting Type

approval

Quorum

80,000,000

Proposal Content

Summary

Background For the past year the BAG token liquidity for trading has been on ETH mainnet and Blast. Given the lack of activity on Blast and Thruster shutting down, the team has...

Background

For the past year the BAG token liquidity for trading has been on ETH mainnet and Blast. Given the lack of activity on Blast and Thruster shutting down, the team has removed the LP position from Blast (locking period on Blast was given team discretion in Proposal "Lock BAG liquidity on blast & mainnet"). This proposal is to determine DAO interest in where to put that liquidity.

Proposal

Select what action is taken with the pulled liquidity. (7+ ETH and 156m BAG)

Options;

  1. Bridge to Solana and provide BAG/SOL
  2. Bridge to BASE and provide BAG/ETH
  3. Bridge to Polygon and provide BAG/ETH
  4. Add to ETH Mainnet LP position BAG/ETH
    (selected option will be added to snapshot for future DAO props)

It's possible to vote for multiple options in this proposal.

Rationale

Move liquidity to a more active chain where trading volume and interest could improve with user acquisition and currently active users.

Voting Results

Solana - BAG/SOLLeading94.6%

205.90M

BASE - BAG/ETH41.4%

90.01M

Polygon - BAG/ETH41.2%

89.69M

ETH - BAG/ETH39.3%

85.58M

Total Votes

7

Total Score

217.55M

Quorum80.00MQuorum met

Source Links

Original Proposal
BAG Liquidity Position Adjustment | UnderTide