50k Token Swap xNODE <> GIV and LP

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?

  • Only Enough for this Token Swap
  • 500,000 GIV
  • 1 Million GIV
  • 5 Million GIV
  • 10 Million GIV
  • 32.5 Million GIV

0 voters

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.


The multisig security issue has been resolved and DappNode has upgraded their multisig to a 3/5

since the price info is almost a month old I’ve gone ahead and update the calculations to the most recent 7 day data:

2022-03-19 00:00:00 UTC 0.2338423314 0.3887517376
2022-03-20 00:00:00 UTC 0.2317296717 0.388450721
2022-03-21 00:00:00 UTC 0.2262039453 0.3828864299
2022-03-22 00:00:00 UTC 0.2275885536 0.3737932743
2022-03-23 00:00:00 UTC 0.2337164588 0.3654364535
2022-03-24 00:00:00 UTC 0.2347530323 0.3561588772
2022-03-25 00:00:00 UTC 0.2407945639 0.3376288321
AVERAGE: 0.2326612224 0.3704437608
50,000 DAI 214,904.74 xNODE 134,973.25 GIV

We’ll be swapping 134,973.25 GIV for 214,904.74 xNODE.


LP has been made! Great success!