Proposal for the provision of liquidity to a multi-sig address to instantiate the DOUGHv2/ETH market on Balancer post migration
PieDAO is entering the next phase of its mission to democratize the access to wealth allocation strategies by migrating the currently non-transferable token (DOUGHv1) to a transferable one (DOUGHv2).
Following the release of the Migration app, vested DOUGHv1 tokens could be migrated to their equivalent DOUGHv2. Coincidentally a market should be opened in order to allow a broader distribution of DOUGHv2 tokens.
PieDAO should be providing the required liquidity to instantiate a 80/20 $DOUGHv2/$ETH pool on Balancer to open the market. The proposed pool sizing to provide enough will be:
This request is, therefore, to temporarily send 600 ETH to the multi-sig below (controlled by DAO members) that will take care to instantiate the Balancer Pool as above:
vote is up here: