There is almost $900k worth of 1INCH-ARCXOLD LP tokens in the ARCx treasury DAO wallet. I propose that this is converted to the post split new ARCX token, and the tokens added to 1INCH exchange to boost liquidity further and to earn fees on trades.
Having discussed this in depth with community member Ken on discord, I felt it would be appropriate to bring this to the next level and discuss here before putting to a snapshot vote.
The current position is both an inefficient use of capital and slows the transition from the old token to the new by enabling liquidity on an effectively “dead pair”. With the ever approaching launch of the DeFi passport and the uptick in trading volume. A boost in liquidity would be welcome. The Uniswap v3 position was recently rolled out with the objective of owning a high portion of the liquidity to earn fees on trading. As almost all trading is on the post split ARCX token, adding another pair would further increase the fees earned to the treasury DAO.
Feedback and suggestions would be much appreciated on this matter before putting it to vote.