0Fx Protocol Documentation
  • Start
    • Introduction
    • Usage Cases
  • Optimizing sphere
    • 1) Blockchain Use
      • SaferBridge
      • Layer 2 Optimism
      • 0Fx Layer 3 EVM
      • Data Storage
    • 2) Ecosystem Usage
      • 0Fx Dashboard
        • Ecosystem Referral
        • Mainstream Onboarding
        • Security Options
      • Governance
    • 3) Economic Framework
      • Markets Making
      • Markets Arbitrage
      • Multi-level rewards
  • Economy optimization
    • Stage 1: Layer 1 Remuneration
    • Stage 2: Internal Banking System
    • Stage 3: 0Fx Token
    • Stage 4: dApps Tokens
    • Stage 5: Ecosystem Index
  • Financial Functioning
    • Tokenomics
    • Liquidity Raising
      • Crowdpooling Results
      • Migration to Uniswap
    • Budget management
  • Protocol Evolution
    • Roadmap
      • Praparation
        • Problem Statement
        • Solution Overview
        • Enhanced USP Section
      • Phase 1
        • Products Suite
        • 0Fx Swap: Technical Requirements and Goals
          • User Profiles
          • Functional Requirements
          • Non-Functional Requirements
          • Plus
    • Projection
    • User Base
  • Plus
    • Warning
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  1. Financial Functioning
  2. Liquidity Raising

Migration to Uniswap

Migration to Uniswap Proposal:

As we embark on the migration of liquidity and the 0Fx token market to Uniswap, several possibilities lie before us. The timing of this migration is a crucial decision, balancing token volatility with the availability of free tokens (excess that can be redistributed or burned).

Key Considerations:

  1. Migration at Low Price - Higher Volatility:

    • Advantages: The token is more volatile with less liquidity.

    • Disadvantages: That augment the excess of free tokens available.

  2. Migration at High Price - Lower Volatility:

    • Advantages: Reduced volatility because of more liquidity.

    • Disadvantages: That reduce the excess of free tokens available.

Community Decision Making:

Upon the opening of governance, we will present multiple proposals to the community, outlining different liquidity tier options and their implications. Each proposal will detail the trade-offs between stability and rewards, allowing the community to make an informed decision.

Proposed Steps:

  1. Proposal Formulation:

    • We will formulate various proposals detailing different liquidity tiers.

    • Each proposal will include expected outcomes, risks, and potential rewards associated with the chosen liquidity tier.

  2. Community Discussion:

    • Engage the community in a thorough discussion about the presented proposals.

    • Collect feedback, concerns, and preferences from community members.

  3. Transparent Decision-Making:

    • Facilitate a transparent decision-making process, through a voting mechanism.

    • Ensure that the community is actively involved in choosing the migration approach.

  4. Implementation with Community Support:

    • Once a consensus is reached, choose a liquidity tier on Uniswap.

    • Continuously communicate progress and updates to keep the community well-informed.

Benefits of Community Involvement:

  • Diverse Perspectives: Community input provides diverse perspectives on the optimal liquidity tier.

  • Transparency: Involving the community ensures transparency and aligns with our commitment to decentralized decision-making.

  • Risk Mitigation: Collective decision-making helps mitigate risks and increases the likelihood of successful implementation.

The migration to Uniswap is a significant step, and your active participation in this decision-making process is crucial. Let's collectively determine the path that strikes the right balance between stability and rewards for the 0Fx token ecosystem.

Last updated 1 year ago