I. Introduction
Proposal Number: TIP000017
Proposal Title: Proposal to Increase TPT Token Liquidity
Proposal Author: Keep
Related Proposal: None
Replaces Proposal: None
II. Abstract
This proposal aims to enhance the market activity of the TPT token and increase DAO Vault revenue by increasing liquidity and enriching trading pairs. Specific measures include claiming Pancake Swap liquidity rewards, converting Vault funds to BNB, and adding liquidity to the TPT/BNB pool, achieving at least a unilateral increase of 200,000 USDT in liquidity.
III. Motivation
- Increase TPT token liquidity by at least a unilateral 200,000 USDT.
- Enrich TPT token trading pairs to stimulate trading volume. Currently, only TPT/USDT and other stablecoin pairs exist, which are too singular and result in inactive trading.
- Active trading volume can increase LP yields, thereby boosting TPT DAO Vault revenue.
IV. Proposal Details
1. Proposal Content
- The DAO organization claims the liquidity provision rewards on Pancake Swap, approximately 26,590 USDT + 2,690,000 TPT.
- Convert all of the DAO Vault’s existing 217,850 USDT to BNB tokens at market price.
- At market price, add liquidity using the BNB tokens and a corresponding amount of TPT tokens on Pancake Swap V2.
2. Implementation Timeline
- Within 3 days of the proposal’s approval, the DAO organization will claim Pancake Swap liquidity rewards and complete the fund conversion.
- Within 5 days of the proposal’s approval, the DAO organization will add liquidity to the TPT/BNB trading pair.
3. Benefits of Implementation
- Enhance TPT token liquidity and stimulate market trading activity.
- Enrich trading pairs, increasing holder participation and trading volume.
- Boost DAO Vault revenue through increased LP yields, supporting long-term development of the TP ecosystem.
4. Potential Risks
After adding liquidity, the price of BNB tokens may continue to decline. The price of 1 BNB has fallen from a high of 1,400 USDT to the current relative low of 830 USDT, with short-term risk of further decline. However, the downside space is limited, and if evaluated on a yearly cycle, BNB has potential for sustained growth, so this risk is controllable.
5. Resources and Support Required
- DAO Vault fund management, conversion support, and liquidity addition.
- TokenPocket team assistance in informing community members about the new liquidity pool information.
6. Recommended Responsible Parties
- Proposal Author
- DAO Organization
- TokenPocket Marketing Department
7. Voting Options
A. Approve the proposal
B. Reject the proposal