There was a great discussion around supporting RLY/ETH liquidity on Uniswap, given that it represents a small share of the overall liquidity, but the lion’s share of transaction volume despite offering users greater slippage than the Balancer exchange.
Whereas more users will likely head to Uniswap given it’s prominance, and it is in Rally’s best interest to offer $RLY holders the best experience possible, we would like to bolster Uniswap Liquidity.
Proposal: Invest a share of the community treasury into the Uniswap liquidity pool. I propose we invest a share equivalent to the yield from the designated 3pool vault / LM pool. Uniswap holdings not to exceed 20% of overall Community Treasury.
I suggest deferring to @DaddyFatSax and the Rally team to decide on the optimal funds from the treasury to move(exchange) for this purpose, so long as the amount is roughly equivalent to what is being added to the Treasury from the 3pool yield, perhaps on a weekly basis.
Open to further thoughts and suggestions, and asking for someone to submit the proposal on my behalf since I’m not a creator. Thanks.