“Temp Check” on Deploying a DEX Pool on a Low Cost Chain
AI summary
This proposal is a 'temperature check' for the Shutter DAO to decide which low-cost blockchain to deploy a decentralized exchange (DEX) liquidity pool for its SHU token. The community has already expressed support for deploying such a pool, which aims to reduce transaction fees for SHU token holders and potentially generate revenue for the DAO through trading fees and rewards. The proposal lists several potential benefits, including protection from malicious MEV (Maximal Extractable Value) if the DEX integrates Shutter's technology, and opportunities for arbitrage.
If this proposal passes, the Shutter DAO will move forward with deploying a SHU/USDC DEX pool on the chosen low-cost chain, making SHU more accessible and cheaper to trade for all users. The DAO itself could benefit from new revenue streams, while SHU token holders would experience lower gas fees. There are no direct financial losses to any party, but the success of the pool and its revenue generation are not guaranteed.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
SUMMARY
Following up on the proposal in the Shutter Forum, I am taking a “temp check” to see which low cost chain Shutter DAO 0x36 members prefer.
(We are not taking a “temperature check” to see whether or not there is support for deploying a DEX pool on a low cost chain because all community members who commented in Discord or the Forum supported the idea - and no one objected to the idea. If you object to deploying a DEX pool on a low cost chain, please comment on the proposal in the Forum.)
Deploying and funding a SHU/USDC DEX pool on a low cost chain could possibly bring the following …