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https://warpcast.com/~/channel/botto
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BottoDAO
@bottodao
We just paired 51.45 ETH & 521k $BOTTO as Protocol-Owned Liquidity (POL) ✦ You see us mention POL after every weekly auction, but what is it and why is it crucial for Botto's long-term success? Let's break it down.👇️
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BottoDAO
@bottodao
Most crypto projects need to "rent" their liquidity. This often involves paying out constant token rewards to attract liquidity providers. This model can be very expensive, unsustainable, and create downward pressure on the token's price. The BottoDAO is built different.
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BottoDAO
@bottodao
Instead of renting, the DAO has voted to OWN its liquidity.✦ Think of a liquidity pool as a big pot of two different tokens that people can use to trade back and forth. By owning a share of that pot, the DAO creates a more stable and reliable market for $BOTTO for everyone.
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BottoDAO
@bottodao
As voted on in BIP-68, 20% of the total POL on Ethereum, Base and Solana are locked for one year with @uncx_token. This lock automatically renews, furthering our commitment to keeping this liquidity in place while maintaining long-term optionality for management.
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BottoDAO
@bottodao
・ Mainnet: https://app.uncx.network/lockers/univ2/chain/1/address/0x9ff68f61ca5eb0c6606dc517a9d44001e564bb66 ・ Base: https://app.uncx.network/lockers/univ2/chain/8453/address/0xf63a831738176f0aa836f4b4ac95ccf55e91c4c7 ・ Solana: https://solana.uncx.network/lockers/cpmm/7sF2Drsnq3XGdUGDaRF1hKox59hfp5w98UGoqjgqtCsu Total POL: $1.63M USD Total Liquidity: $3.7M USD
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BottoDAO
@bottodao
Here's how it works: Every week, the revenue from the @botto's art sale is split: ・ 40% to Active Rewards ・ 40% to the DAO Treasury ・ 20% to our POL initiative A portion of every artwork sale is used to grow the POL.
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BottoDAO
@bottodao
The 51.45 ETH we just added is a direct result of this system. The ETH from the 20% allocation is collected over time. Then, on a monthly basis, the DAO pairs it with an equivalent value of $BOTTO from its treasury and deposits it into the Uniswap pool.
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BottoDAO
@bottodao
Why does this matter? Our POL strategy is designed to ensure Botto's economic health for the long run. ・ It builds a deep, sustainable liquidity base. ・ It increases market confidence in the protocol. ・ The DAO earns trading fees on its own liquidity.
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