MIP-018: MET Liquidity Improvements #18
Description
MIP 018: MET Liquidity improvements
Summary
Create healthier MET markets by collaborating with market makers and increasing the number of market options available.
Motivation
The Metronome DAO treasury has been maintaining the MET liquidity pools since Metronome relaunched in 2022. This MIP proposes moving away from MET DAO management and collaborating with market makers to establish improved options for the community. The first step of this proposal is to collaborate with Ethos digital on a liquidity provision and management of MET liquidity pools on various decentralized exchanges.
The second phase is to allocate some of the MET tokens already allocated to liquidity to expand the available options for users by integrating MET on new markets.
Specifications
Ethos Digital will be loaned 315,000 MET tokens for on-chain market making over a 12 month duration. After 12 months, Ethos will maintain the option to acquire those MET tokens at an agreed upon strike price or return the loan.
Approve up-to 500,000 MET tokens previously allocated to Protocol Owned Liquidity for utilization to build MET liquidity on new markets