Shutter DAO 0x36 Proposal to Launch a Liquidity Bootstrapping Pool on Fjord Foundry
AI summary
This proposal asks the Shutter DAO to launch a Liquidity Bootstrapping Pool (LBP) for its Shutter Token (SHU) on Fjord Foundry in mid-February 2024. The goal is to establish a fair price for SHU and acquire other assets like USDC or ETH, which are needed to create trading pools on decentralized exchanges. This process will allow community members to buy and sell SHU.
If passed, the DAO will use an LBP to facilitate price discovery for SHU and acquire necessary assets for liquidity, benefiting SHU holders by enabling trading. The DAO will gain additional assets, but the specific amount and type of assets acquired cannot be determined beforehand.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Status: Snapshot Vote Created
Forum Proposal Link: https://shutterdao.discourse.group/t/proposal-to-launch-a-liquidity-bootstrapping-pool-on-fjord-foundry/200
Forum Proposal Creator: Sausage Doge - Product Lead @ Fjord
Forum Proposal Created: 23 Jan 2024
Snapshot Vote Creator: FishDAO
Snapshot Vote Created: 26 Jan 2024
Summary
Launch a Shutter Token (SHU) Liquidity Bootstrapping Pool (LBP) on Fjord Foundry in mid-February 2024
Proposal
The Shutte…