Shutter DAO 0x36 Proposal to Select and Provide a Grant to a Post-LBP Market Maker
AI summary
This proposal asks the Shutter DAO to choose between two market makers, Artis or JLH, to provide services after the upcoming Liquidity Bootstrapping Pool (LBP) for the SHU token. The chosen market maker will receive a grant to create decentralized exchange (DEX) pools, secure centralized exchange (CEX) listings, and ensure efficient trading with minimal price impact for six months. This is a crucial step following the DAO's decision to host an LBP in mid-February.
If passed, the DAO will allocate a grant to either Artis or JLH for market-making services, which will help stabilize the SHU token's market after its initial launch. The specific financial amount of the grant is not detailed in this proposal but is referenced in the linked forum discussions. The community benefits from potentially more stable token prices and better liquidity, while the chosen market maker receives compensation.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Intro
Status: Snapshot Vote Created
Forum Proposal Links:
Snapshot Vote Creator: AcidBird, Own.Fund
Snapshot Vote Created: 2 Feb 2024
Summary
Select and Provide a Grant to a Post-LBP Market Maker
Purpose
Shutter DAO 0x36 recently voted in support of a proposal by Fjord Foundry to host a liquidity bootstrapping pool (LBP) in mid February. See: https:…