This proposal seeks to approve the integration of $ETH with $MAHA as an additional gauge for the MahaDAO ecosystem. The specifics are as below;
Add MAHA/ETH to MahaDAO Gauges for MahaX voters to decide on allocated rewards to the LP.
Add MAHA/ETH to the MahaDAO Farming Portal for liquidity providers to earn yield on staked v3-uniswap LP tokens.
Nominated trading fee of 1%
Rationale for Proposal
Attract more Maha supply from CEX to DEX, thereby further reducing centralization vulnerabilities that may impact the protocol in the possible event of CEX insolvency.
Help mitigate potential risk of inappropriate use of customer supply on CEX’s – for example, price manipulation with crediting counterfeit assets and/or misreporting of reserves and custody management.
Provide for decentralized pairing of two speculative assets that observe volatility – this allows for asset exposure whilst presumably reducing potential Impermanent Loss if market performance moves in tandem with each other. In combination with Uniswaps V3 features, users can set customized spreads/ranges to cover short/mid-term divergence.
Stakers can use their Maha and Eth rewards to help boost liquidity with additional and direct participation. This presents a broader participation interest for those that wish to farm and earn yield, but may prefer to opt-out of holding or minting Arth via troves.
FTX uses notional/counterfeit credit balances - SBF Reveals FTX Was Selling Assets That Didn't Exist - The Defiant
Maha Dune Analytics - $MAHA Token (WIP)