memoscan
← all memos

Memo 0x8a2e8abd…432349 on Ethereum

# DIP-88 $Paper Liquidity Council Snapshot - <https://snapshot.org/#/dopedao.eth/proposal/0x70f95dbf89ba3271920ea206803b779de90d7c4ca47682226347d168ded13fe4> Details -&#x20; GM Hustlers, This proposal seeks approval for the formation of the $Paper Liquidity Council to optimise liquidity for the DAO. Why: In the upcoming months we will likely need to make many adjustments around our liquidity – think; range rebalances, chain liquidity rebalances, etc. It is neither ideal nor workable to have a vote for each single adjustment. Having a council that has the freedom to tweak these parameters seems more efficient. How: @sprtn, @Slasha, @mazzi, @taniela.taki, @winstonwolfe would form such a council, with a mandate of 12 months beginning upon execution of successful vote. Any change to the council will have to be voted under a new DIP.  The council would have freedom to adjust current $Paper liquidity in order to maximize the project success. The Council itself will require a four out of five quorum of agreement to make adjustments to the liquidity situation. Limitations: The council can’t deploy additional liquidity or it can’t remove existing liquidity without a DIP that authorises it to do so. Only existing liquidity can be rearranged between chains, exchanges, ranges within a single exchange, etc. For your consideration Tani & Mazzi