Hey everyone! I’m proposing to use a portion of funds currently in the LASERTAG Multisig to create a TEC/GIV LP pool on Honeyswap.
I would like to see 20k DAI worth of TEC swapped for 20k DAI worth of GIV. We would subsequently use the GIV received with another 20k DAI worth of TEC to create a TEC/GIV LP position. The LP tokens would be held in the LASERTAG multisig. This would use up ~16% of the TEC currently in the multisig.
Giveth is a strong supporter of public goods and crypto-philanthropy and both the TEC and Giveth share a staggering amount of regular contributors. I belive both organizations are very much value-aligned.
We’ll need to approve a few transactions on the multisig if we decide to go through with this.
- Send TEC tokens to the Giveth multisig
- Approve spend GIV/TEC
- Create LP position