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
Author
D50xD505...cB24Proposal 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;
- Bridge to Solana and provide BAG/SOL
- Bridge to BASE and provide BAG/ETH
- Bridge to Polygon and provide BAG/ETH
- 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
205.90M
90.01M
89.69M
85.58M
Total Votes
7
Total Score
217.55M