- This is a joint proposal prepared by representatives of the Osmosis Community (RoboMcGobo 2, Johnny Wyles 1) and MantaDAO (Pragmatic Monkey, Vladimir GG, PostTenebras 2)
- We are proposing a $50k OSMO<>MNTA token swap between our two Communities.
- MantaDAO will match the received OSMO with another $50k of MNTA in a BOW LP (the AMM built on top of FIN, Kujira’s orderbook DEX).
- Osmosis Community Pool will match the received MNTA with another $50k of OSMO in a +/- 5x position in the Supercharged pool on Osmosis, with the option to re-evaluate this when vaults are available.
- This will result in $200k of OSMO/MNTA liquidity that will make the two tokens tradable with limited price impact against a wide variety of assets on both Osmosis and Kujira thanks to Osmosis and MantaSwap’s multihop routers.
- Half of the LP ($100k on Osmosis) will be owned by Osmosis Community Pool; the other half ($100k on BOW) will be owned by MantaDAO.
- This will sustainably deepen liquidity for OSMO on Kujira in the form of Protocol-Owned Liquidity without the need for any incentives.
- This will enable the Osmosis Community to diversify its treasury and generate a source of income in the form of trading profits from market-making activities.
- This will open up additional arbitrage routes between Osmosis and FIN, resulting in a net increase in trading volumes on both sides.
- This will build a bridge between the Osmosis and Kujira communities, promoting net positive-sum cooperation across the Cosmos.
The recipient address (osmo1rfcf70z0052zsjp9kz9zgal93exljj3fgka75wve0e3sazq724mqv2vqdm) is the multisig address controlled by the members from the Osmosis community:
RoboMcGobo ([Hidden link] 2)
Luisqa ([Hidden link])
Golden Ratio Staking ([Hidden link])
The requested amount of OSMO and MNTA for exchanging and matching is calculated on a 10d TWAP basis: [Hidden link]
The full text of the proposal and discussion: [Hidden link]
