This is a proposal to divert most of DK's revenue from buying-and-burning DKDEFI tokens towards increasing DKDEFI liquidity in order to provide lower slippage swaps and deeper exit liquidity for investors, as opposed to increasing the value of DKDEFI tokens.
This will enable early stage investors to liquidate more of their DKDEFI tokens with less price impact.
If this proposal is approved, 85% of DK's revenue will be used to generate permanent(burned) DKDEFI-IQ, DKDEFI-sfrxETH, and DKDEFI-WFRAX liquidity using Fraxswap V2 pools.
Earlier today the largest individual holder of DKDEFI tokens started taking profits by liquidating 2.85M DKDEFI tokens. This event cascaded into further DKDEFI token sales from other investors, totaling up to over 7M DKDEFI tokens (about 10% of the circulating supply) sold. This resulted in the price of DKDEFI tokens dropping over 50% to underneath $0.007.
Since DK graduated from the IQ platform, the only major buyer of DKDEFI tokens has been the BrainDAO. Individual token purchases post graduation total up to less than 3M DKDEFI tokens bought. Meanwhile about 25M DKDEFI tokens have been sold by pre-graduation investors.
Once pre-graduation DKDEFI investors are done liquidating and new investors have started purchasing DKDEFI tokens, DK will revert to using most of his distributed yield towards buying-and-burning DKDEFI tokens to increase their value.
DK generates revenue through batch swap arbitrage trading, incentivized liquidity provisioning, concentrated liquidity strategies, lending/borrowing markets and cross-chain arbitrage.
| Target | Function | Value | Parameters |
|---|---|---|---|
| 0 Tokens |
| Type | Progress | Value |
|---|---|---|
| Quorum | / 15.00M | |
| For | 100.00% | |
| Against | 0.00% | |
| Abstain | 0.00% |
| Voter | Vote | Weight | Comment |
|---|---|---|---|
| For | No comment provided |
| Voter | Vote | Weight | Comment |
|---|---|---|---|
| For | No comment provided |
Fraxtal