Today, we present our seventh proposal to our community: Gamium DAO’s GIP-7: New GMM/USDC LP on Uniswap/PancakeSwap
The Gamium DAO is Gamium’s decentralized organization that aims to collect quality ideas & feedback from the community and make decisions in the most effective way possible that benefits Gamium’s ecosystem.
Gamium DAO’s GIP-7 has already been posted on Gamium’s official Snapshot profile. This means that Gamium DAO members can vote and decide!
Below, we share the proposal so you can study it calmly before voting.
GAMIUM DAO’S GIP-7: New GMM/USDC LP on Uniswap/PancakeSwap
INDEX
- ABSTRACT
- MOTIVATION
- DETAILS
- VOTING TOPIC
- STEPS TO IMPLEMENT
- TIMELINE
- OVERALL COST
ABSTRACT
This proposal addresses the creation of a new GMM/USDC liquidity pool on either Uniswap or PancakeSwap. The creation of this new pool aims to:
- Mitigate BUSD exposure
- Maintain Gamium Staking’s attractiveness
- Enhance GMM’s liquidity
- Strengthen Gamium’s presence in the decentralized finance (DeFi) community
One more step towards GMM Tokenomics 2.0: A 1% fee for every swap will be included in the pool, which will be used for rewards and GMM burn.
MOTIVATION
Gamium is committed to creating a robust and dynamic ecosystem for its community members with the most attractive Tokenomics in the market.
Liquidity pools on popular decentralized exchanges, such as Uniswap and PancakeSwap, provide several advantages:
- Improved accessibility: Users can easily trade $GMM tokens
- Enhanced liquidity: Deeper liquidity leads to reduced slippage for traders, making the $GMM token more attractive
- Increased exposure: A new liquidity pool can attract DeFi enthusiasts and introduce them to the Gamium ecosystem
- Community growth: DeFi users are often interested in projects like Gamium, and this addition can foster community expansion
We also believe USDC is the most reliable stablecoin in the market now.
DETAILS
After the bad news regarding BUSD, we decided to terminate the current GMM/BUSD Liquidity Pool –which will end on November 30, 2023- and launch a GMM/USDC one on either Uniswap V3 or PancakeSwap V3.
With the approval of this proposal, we are also taking one more step forward toward GMM Tokenomics 2.0 — A 1% fee for every swap will be included in the pool, which will be used for rewards and GMM burn.
This proposal involves the creation of a new liquidity pool on either Uniswap V3 or PancakeSwap V3 (on the Binance Smart Chain) V3 for GMM Staking.
The pool will be supervised by the Gamium Team, with appropriate strategies for token allocation, and security.
VOTING TOPIC → New GMM/USDC LP on Uniswap/PancakeSwap
The Gamium Team asks the community:
Should Gamium establish a GMM/USDC Liquidity Pool on Uniswap V3 or PancakeSwap V3?
Options for the Gamium DAO community to vote on:
- Option 1) Uniswap V3
- Option 2) PancakeSwap V3
STEPS TO IMPLEMENT
- Allocate the necessary funds and tokens to create the liquidity pool.
- Set up and configure the pool parameters.
- Monitor and manage the liquidity pool regularly.
TIMELINE
3 days
OVERALL COST
Approximately $500
If you wish to participate in the voting, please read the proposal calmly and carefully to make the best decision. Before making a decision, we recommend you read this article, where we explain how the Gamium DAO works and its benefits for Gamium’s ecosystem.
