DRAFT PROPOSAL 4: HOPR - ETH pair on Uniswap (Ethereum)

HOPR DAO v0.4
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41

So, apparently I was misunderstanding the size of the liquidity we are talking about this time.

We are only talking about 15% of the current HOPR-DAI liquidity on Ethereum, which is a much smaller portion than I initially thought and changed my view.

  • I strongly support the proposal 1 (SushiSwap) and 2 (Swapr). There is no question that we need more liquidity on GC.

  • As for the proposal 3 (Uniswap), I basically support this but I would suggest to use the portion of the $500,000 in liquidity either to add more liquidity on Sushiswap and Swapr or keep it in the current LP until Uniswap on GC is finally implemented.

  • I am also in favor of the proposal 4, however, I would be careful how it affects the volatility of $HOPR. I am an amateur in DeFi and have no idea how much it would have an impact. But since one of the main functions of $HOPR is as utility token for the HOPR mixnet, high volatility would negatively affect the HOPR mixnet users. In such a case, we might need to consider creating another token for that…

42

There is a problem with a HOPR - ETH pairing in that you pay capital gains tax twice. This would be for any gains in HOPR and when you cash out into ETH there would be a further tax implication. The xDAI option due to its peg is a better option based on tax liabilities, but as the major section of the retail herd uses fiat and stable coins such as USDT/ USDC / USD, etc this would be a far more effective on board ramp to increase the demand for HOPR tokens and therefore an increase in price longer term.

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43

The important thing is that the liquidity should be high and the transaction fees should be low. Transaction fees are high on the eth network

44

I think all the liquidity should be centered in 1 pair. That said, no better than ETH pair IMO.

45

Interesting proposal but I cannot support it simply because Uniswap allows to swap ETH->DAI->HOPR in 1 transaction

  • we will significantly decrease liquidity on our main HOPR-DAI pool for no reason
46

uniswap is a very effective dex but eth network fees are high.

47

eth should be considered as an intermediate link in any token exchanges via uniswap. on the gate, this will naturally not be noticeable. but for uniswap, this will significantly reduce commissions and increase exchange options

48

This makes me wonder how the tax situation of HOPR DAO treasury is like :thinking: Is there any tax applied to HOPR DAO?

49

Concerning the discussion of ETH->DAI->HOPR swap route, decreasing the liquidity, and the high gas fee in this proposal, here are my opinions. I have a feeling some have a negative feeling about this proposal because of some misunderstandings. (I myself might be misunderstanding too. So, please correct me, if I am.)

  1. ETH->DAI->HOPR swap route
    Yes, it is possible to swap between ETH<->HOPR already without providing HOPR-ETH pair liquidity. However, the point of adding this pair is rather to attract the arbitrage trader (and thus more trading volume). (DRAFT PROPOSAL 4: HOPR - ETH pair on Uniswap (Ethereum) - #21 by thewanderingeditor)

  2. Decreasing the liquidity
    I was concerning that in the beginning of the discussion too but, as 85% of the current liquidity will remain and HOPR-DAI is already one of the deepest pool, I am not so worried about. (POLL: How do people interpret the figures in the proposals? - #4 by thewanderingeditor)

  3. High gas fee
    HOPR is mainly existing on Gnosis Chain. Once we add more liquidity on GC suggested in the other proposals, we can trade $HOPR in a more stable manner on GC where the gas fee is much lower. We can now choose not to use Ethereum to swap HOPR unless you are an arbitrage trader or running a bot.

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Only when they cash out or receive staking / farming awards. In the UK we are taxed on these even if we havent sold!

51

if pairing with ETH, then now is the right time, since the price of ETH is acceptable

52

I think this is a great offer, if accepted I would offer a large amount

53

im for it

54

I think this is a good idea

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