Intro This proposal contains an offer to allocate BRIDGE tokens for liquidity in the QUBE/BRIDGE trading pair. Liquidity in QUBE tokens will be provided by the flatqube.io DEX team. These LP tokens will not participate in farming program.
Instead, QUBE tokens will be added as a reward for farming in QUBE/BRIDGE, BRIDGE/BTC, BRIDGE/EVER pairs in addition to the existing BRIDGE rewards.
This will create sustainable liquidity for BRIDGE and QUBE tokens, low slippage on exchanges, and increase the overall liquidity of the exchange, which will attract customers for Octus Bridge. Additionally, the provision of utility tokens from one DAO (Octus Bride) and the liquidity rewards being paid out in the form of a utility token from another DAO (FlatQube) will stimulate growth and community participation for both DAOs.
Mechanism Allocate BRIDGE tokens from the Octus Bridge treasury for the QUBE/BRIDGE pair and hold QUBE/BRIDGE LP tokens.
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Proposal Allocate 333,333 BRIDGE tokens to liquidity multisig and create a QUBE/BRIDGE trading pair.