DXswap Strategy chat Oct 30, 2020

Meeting date: Friday October 30, 2020
Hong Kong: 11:00pm
CEST (Berlin): 5:00pm
UTC Time: 3:00pm
Buenos Aires: 12:00pm
Brooklyn: 11:00am
Houston: 10:00am
Denver: 9:00am
San Francisco: 8:00am
Meeting link: https://meet.jit.si/dxdao

Project board

Agenda:

  • Consensus on DXD/ETH pool
  • “Roadmap” discussion
  • Relayer article & content schedule
  • Base pair liberation

Fee free to add suggestions below or DM me

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Notes:

  • Finding consensus on what to do about providing DXD liquidity on DXswap. First raised in @pulpmachina post and forum thread

  • Starting point:

    • The optics of DXdao providing liquidity at significantly lower price than bonding curve are bad
    • As the 100k DXD in the premint vests, it can be used strategically by DXdao, and ultimately up to REP holders
  • Consensus forming around multi-pronged approach:

    1. DXD buyback bc DXdao thinks price of DXD is below market (Need GP integration)
    2. Signal goal to have DXD/ETH pool a certain size (say $300k) by January 1, 2021 (or some date) or else DXdao will supply DXD itself (from buyback?)
    3. Launch Omen market bounty on whether liquidity goal is reached. DXdao buys “No” shares to encourage DXD holders to purchase “Yes” and move DXD into DXswap

Need to

  • Figure out default fee. If DXdao is not primary liquidity provider, low fee strategy does not make sense
  • Pass new Signal Proposal updating Launch parameters

Evolution in yield farming - conditional token liquidity mining (idea crafted by @luzzifoss )

  • Fund Omen markets for certain pools to reach a specific liquidity threshold
  • Issue wrapped conditional tokens to LP providers for “Yes” the threshold is met. LPs have upside if pool is certain size and are incentivized to keep liquidity in pool

A lot of good discussion. It would be great to let it marinate over the weekend and devote a portion of Monday’s biz dev call to find consensus on a potential signal proposal next week.

7 Likes

Sounds like a great discussion, loving the ideas in the multi-pronged approach.