Hey guys I don’t know if anyone noticed but our secondary market liquidity is bad, like really bad…
we have somewhere around ~12k liquidity, mostly in the HNY/TEC pair but this is far from enough to have a healthy market.
I would like to kickstart LASERTAG by using some of the TEC we have acquired to create an xDAI/TEC LP on honeyswap. Somewhere to the tune of 50k DAI worth of liquidity would be a good base I think for DAO owned liquidity.
There’s a small issue however that LASERTAG currently does not have enough xDAI to create this LP on it’s own so we should swap our cheaply acquired TEC from the intial-buy, leveraging the tidy profit to create our LP. This could use up a little over 20k TEC, about 16% of the TEC currently in LASERTAG
If the community agrees with this move we’ll need to make three transactions on the multisig.
- Sell TEC for xDAI
- Approve TEC Spend
- Create TEC/xDAI LP