We want to know your opinion!
We have heard your concerns about the current Uniswap liquidity situation, that's why we want to hear your detailed feedback about this.
Situation right now:
Currently there are 10 Million HDX being sold between ~2-11 cents. This was made according to the community vote in the transition phase between old and new team.
https://snapshot.org/#/hydranet.eth/proposal/0xe45b21491e850afc7f29f8ad20cc5459173a7ca959b21bba72f8edb3dd03c6e1
Now it seems like that we should re-evaluate the situation. We asked the community to put forward a few options, which we are now presenting below for the community to vote on.
Strategy options
Alperen-1
Currency pair (i.e ETH, USDT, etc): Usdt
Price range: $0.05-$0.50
Total amount of HDX (up to 10m): 2.5 m
Explanation of strategy:
**Changing pair to hdx/usdt and lowering available liquidity to leave some hdx in the POL vault for future use.
**It doesn't make sense to me to let people to be big whales by buying an excessive amount of hdx for little dollars
**Creating big sell order barriers obviously scares investors. already out of this sell orders amount there will be many sells by investors while price is up so people might think that hdx will not be able to pass those sell orders and wont pass 12 cent. this idea might drive investors to despair.
**Actually we are now determining potential of hdx price. in the future i see potential hdx price around 3-5 usd so this several cents prices seems like really funny right now. we saw troubles of selling big amounts to investors for low price in the past. those low price sells will come our front again as a big sell barriers/pressures while hdx price up
**Letting market to find hdx price itself would be more healthy, at least do not interfere to maRket with such uncompromising strategy such as adding all liq to 0.02-0.12
Alperen-2
Currency pair (i.e ETH, USDT, etc): Usdt
Price range: $0.05-$1.00
Total amount of HDX (up to 10m): 2.5 m
Explanation of strategy: Same as above
beljora
Currency pair (i.e ETH, USDT, etc): USDT
Price range: 0.02 - 0.14 USD
Total amount of HDX (up to 10m): 5m
Explanation of strategy: Changing pair to hdx/usdt and lowering available liquidity to leave some hdx in the POL vault for future use. Lower price range to quickly swap the majority of the POL to USDT so there is long term price support.
Argon
STRATEGY NAME: Rapid ascent and balancing
GOAL:The goal of this strategy is for the price to climb rapidly and stabilize within the price range accepted in the past price statistics.
SUMMARY:
1- Rapid rise in price with a reasonable investment.
2- The price balance range was set between 0.2 - 0.4 so that the price would not fall rapidly.
3- No liquidity is planned for the price of 0.5 and above. To plan above this price, we need to see the future market movements and the status of the project.
4- This strategy is valid for a maximum of 3 months.
TOTAL AMOUNT: 5 Million HDX
CURRENCY PAIR: USDT - HDX
PRICE RANGE :
0.01 - 0.1 : 500,000 HDX
0.1 - 0.2 : 750,000 HDX
0.2 - 0.3 : 1,000,000 HDX
0.3 - 0.4 : 1,250,000 HDX
0.4 - 0.5 : 1,500,000 HDX
METHODS:
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Meeting expectations: Too much liquidity in the low price range lowers expectations.
Solution: Reasonably capped liquidity encourages early buying.
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Minimizing risks
A) Arbitrage between Uniswap and CEX is possible. Too much HDX should not be added at low price ranges. Otherwise, HDXs withdrawn from the pool can be sold on the CEX with high arbitrage profits.
Solution: Liquidity should be increased in direct proportion to the price.
B) Unexpectedly rapid price increases can create selling pressure at the same speed. In order for the price to move fluctually and as healthy as possible, support points should be determined. The most suitable support points are the average costing price ranges. Although there is not enough data on this subject, it is seen that the intense buying regions are between 0.2-0.4 in the past charts.
Solution: HDX liquidity at these levels will also increase USDT liquidity in the same range.Between 0.2 and 0.4, 2,250,000 HDX would be a reasonable value. (Its average value is $675,000)
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Scheduling
The plan should be planned according to market dynamics. However, it is impractical to reevaluate plans too frequently. Therefore, the maximum validity period should be determined.
Solution: Strategy should be reviewed once every 3 months if deemed necessary by the community or team. The next reassessment time is the 3rd week of August.As long as there is no objection or request, the team can continue the same plan.
