No matter what we think of the Binance smart chain, it’s the king of this bull market, with it’s daily volume being much higher than Uni at times, however it is not likely to last due to it’s centralization. My proposal is to leave 35% of the HOPR-DAI liquidity on Uniswap. The other 35% of all liquidity should be deposited in a form of HOPR-BNB pair on Pancake swap but not locked of anything - let’s say till year’s end, when most people suspect the bull run will be coming to an end. These 2 dexes will be then retaining 70% of total liquidity.
As the fees on the ethereum network are too high for many ppl to do any transactions there, it seems like layer 2 solutions / side chains will be stealing the show in the near future, at least until Ethereum 2.0 comes and solves the gas issue. Therefore the remaining 30% of all liquidity I propose to split 50:50 between two other dexes: Honeyswap and Quickswap. Honeyswap is very much relevant to where the HOPR tokens are being used now, the xDai chain, and Quickswap is on Polygon, a L2 that’s quickly gaining popularity and attracting the biggest players in Defi.
After the year’s end, we could once again debate and decide what to do with the 35% of liquidity deposited on Pancakeswap. We could either vote to leave it there longer or perhaps move it to increase the LP pools on other existing or new dexes.
To summarize:
1. 35% stays on Uniswap
2. 35% gets converted into HOPR-BNB and goes to Pancakeswap for the next 7 months
3. 15% of HOPR-DAI goes to Honeyswap
4. 15% of HOPR-DAI goes to Quickswap
EDIT: 35% of the liquidity would stay on UniV2 until the rewards to liquidity providers end, then we would move to UniV3 with 0.30% trading fee
Hi! Thanks for this proposal. I need to check a few things with the team. I believe a contingent plan like your BNB one is within scope, but we may need slightly more specification on the different possibilities here. I’ll get back to you.
I also need to check into Quickswap, to make sure there’s nothing else that needs specifying.
In the meantime, can you expand a bit on what you mean by “35% stays on Uniswap”. Does that mean Uni v2 or v3? If v3, you need to specify a few more parameters: Uni V3 Validity requirements
Thanks, I can’t see the option to edit my post anymore. For UniV3 I suggest an unlimited range and 0.3% trading fee.
It may be that Quickswap is under the required 24h volume right now, but it’s picking up momentum rapidly and everyone expects it to become much more popular very soon. It would be a shame to miss this.
I have spent some time researching the various liquidity redistribution options that have been proposed by our community members and I must say that I like this proposal better than others.
I could write in detail why, but the author has already done it for me .)
Hi @Wojt. Sorry for the slow response. Looking into minor DEXs like Quickswap was a little time consuming. I’m going to write a longer post about it, but the short answer is they don’t currently have the support we need, but it’s confirmed to be added in June, so that does match our timelines here.
So I’ve added this proposal to the official list here. Anyone who supports this proposal, please sign it there using the like (heart) function.