FCS Proposal - Funding FiroDex Liquidity Pool

A new proposal has been posted to the Firo Crowdfunding System.

  • Title: Funding FiroDex Liquidity Pool
  • Author: Fiendish
  • Proposal type: Miscellaneous
  • Link: click here

Use this topic to discuss this proposal!

Funding target changed from ‘50.0 FIRO’ to ‘50000.0 FIRO’

Sounds like a good idea to me, a good place to store the excess funds that are not used. I guess it will also give some profits back to the community fund.

Doesn’t necessarily create profits as for part of the FIRO would need to be converted to the other pairs we want to support. The quote would however be 1% over CEX to cover fees and earn a little bit of arb.

Funding target changed from ‘50000.0 FIRO’ to ‘10000.0 FIRO’

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Update:
In accordance with CFC deliberations. The maximum Firo liquidity amount has been revised down to 10,000 Firo. Any increases will need to be voted on by CFC.

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8500 out of the total 10,000 has been funded.

Will complete funding once the FCF has accumulated enough over the next few days.

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Interresting, maybe the maximum firo quantity could be ajusted later. Its a good idea to test the water first.

One quick question, is there financial implication for the community? I mean, if there is some profit or lost (capital gain, capital lost, etc), usually, that mean that someone somewhere has to declare that to his government. I know @reuben use to be a lawyer, how does it work for those liquidity pool? Will those actions of improving liquidy will be done under someone’s name?