[WIP] SUP Liquidity Bootstrapping Campaign

Proposals
1

  1. Abstract - To boost initial liquidity, usefulness, and distribution of SUP we should engage in a Liquidity Bootstrapping Pool campaign. The DAO should set aside a particular amount of SUP (to be discussed) and use Balancer, Fjord, or another trusted and secure platform for creating ETH and stablecoin pair liquidity

  2. Type - Non Constitutional

  3. Motivation - SUP will be more useful if more people can access it. A wider distribution will increase the number of people who care about the future success of Superfluid.

  4. Steps to Implement
    a. Decide a % of tokens that makes the most sense to use
    b. solicit bids to choose a platform based on attention, price, fees, and odds of success.
    c. initiate LBP

Generally this process is done around token launch when starting a new protocol. But Superfluid is such an OG it has been around a long time and is a trusted protocol, I think it makes sense to even do this via proto-DAO and then have it be a managed position the community can trust.

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2

Thanks for starting the discussion.

The “liquidity providing,” as teased in the claim app:

image

indeed related to the LBP.

With one major difference, the official “liquidity providing” is for “pre-withdrawing” SUP, while I believe LBP here is for “floating” SUP.

I think we must also allow people with floating SUP also providing liquidity and earn yield through the campaigns. So we should continue to discuss this proposal.

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