I would like to propose swapping 50,000 DAI worth of GIV tokens for xNODE and to provide a further 50k of GIV create a xNODE/GIV LP position on Honeyswap.
This would effectively become the first viable LP position for xNODE, currently there is less than 2k liquidity for xNODE.
Giveth has benefited quite a bit from the work done by DappNode, especially regarding their liqudity mining contracts which Giveth used to create the GIVfarm. I think DappNode is a value-aligned community and Giveth should definitely create an economic bridge with them.
We would also need to bridge 100k GIV from the Liquidity multisig on mainnet to Gnosis Chain. Maybe it would be worthwhile to bridge a larger amount of GIV, saving on gas, for future LP ventures,
The Liquidity Multisig on Mainnet has 65 Million GIV - Given this proposal passes advice - How much should we bridge over to Gnosis Chain for future token swaps?
For more information, Lanski did some math, taking a 7 day average of GIV and NODE on the NODE forum post - here’s the deets
Gotcha! Excellent explanations.
In order to avoid price manipulations, we should decide on a past point - potentially the average price of the last 7 days - which would give us a swap of 191,313.94 NODE for 124,230.55 GIV
Please see the numbers here - data sourced from Coingecko.