Redirect 25% of amo profits to butiks ETH instead of FXS. Use ETH and FXS to supply liquidity on uniswap v3

Governance Proposals FIPs
1

Hello.

I suggest that instead of using 50% of the profits from AMOs to buy back and burn FXS we should use 25% to buy ETH and 25% to buy FXS.

This will be a step towards building a balance sheet for the protocol.

To expand liquidity for FXS I also propose that we use the ETH and FXS bought after this proposal pass to add liquidity in FXS-ETH AMM-pair on uniswap v3.

Best regards Capt

4 Likes
2

I think this is an important move and with ETH at low prices now is probably a good time to start purchasing. I support this.

1 Like
3

so what price range do they pick for the pair on V3 ?