Hey BrightDAO team! Over at Giveth, we have created and are ready to move forward on a proposal to share liquidity between DAOs. This proposal is directly related to a proposal on the Giveth forum:
Summary:
$100k token swap with Bright DAO and Giveth treasury, in order to deposit $200k BRIGHT<>GIV LP on Honeyswap.
Proposal Description:
Giveth and Bright DAO have both expressed interest in splitting DAO-owned liquidity for BRIGHT<>GIV on Honeyswap, funded from each DAO’s Treasury. We’ll complete the following in order to execute the treasury swap:
- Giveth requests $100k in GIV, simultaneously requesting $100k in BRIGHT from Bright DAO.
- On passing, tokens will be sent to a shared 4 of 6 multisig with 3 Giveth members and 3 Bright DAO members.
- Tokens will be added to the BRIGHT<>GIV shared liquidity pool on Honeyswap
Proposal Rationale:
Giveth and Bright DAO have a strong connection and aligned interests for the future of Web3. Sharing liquidity brings synergy to both projects:
- DAO-owned liquidity is a good long-term token liquidity solution vs. renting liquidity with rewards.
- Strengthens the friendship between Bright DAO and Giveth - both communities are incentivized to act in each other’s interest.
- Shared liquidity acts as treasury diversification for both DAOs.
Expected delivery date:
Upon each proposal passing, the multisig will aim to have liquidity added to Honeyswap within a week.
Team Information:
Contacts: @hotl.eth @Griff
Multi-Sig: Willy, Lauren and Mitch
I support this and volunteer myself to be in the multisig.