Switch preferred DEX to SushiSwap
AI summary
This proposal suggests moving all of NFTX's liquidity pools, including those for D1/ETH, D2/ETH, and NFTX/ETH, from Uniswap and Balancer to SushiSwap. The primary goals are to earn more revenue for the NFTX treasury through SushiSwap's reward program, build stronger ties with the SushiSwap and Yearn ecosystems, and align NFTX's liquidity provision with a platform that shares its values. If approved, the migration would occur over several weeks.
If this proposal passes, the NFTX DAO treasury could gain an estimated additional $470,000 per year in rewards from SushiSwap, assuming a $4 SUSHI price and inclusion in SushiSwap's Onsen program. This benefits the DAO by increasing its cash flow and potentially strengthening its position within the DeFi ecosystem. There are no clear losers, but the DAO would shift its primary liquidity provider relationship.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Communication
Forum: https://forum.nftx.org/t/draft-proposal-switch-preferred-dex-to-sushiswap/45 Discord: https://discord.gg/xcJkxMXSR8
Author
ChopChop
Summary
Switch current and future D1/ETH, D2/ETH, and NFTX/ETH liquidity pools from Uniswap/Balancer to SushiSwap, with the main goal to:
- Accrue more value for the NFTX treasury through the SushiSwap rewards program.
- Position ourselves closer to the innovation happening in the Sushi/Yearn ecosystem and form a closer relationship with their core teams
- Have our liquidity provided in an ecosystem that aligns better with the val…