TIP-40: Deploy Magicswap v2 and Authorize First NFT-ERC-20 Pools by Zeeverse

Summary

Deploy Magicswap v2 as an evolution to Magicswap v1
Begin process of migrating existing liquidity and rewards from v1 to v2
Set baseline protocol fee to 0.3%
Approve launch of the first NFT-ERC-20 pool on v2 by Zeeverse, as well as a blanket approval for all future NFT pool creations
Upon the launch of Treasure mainnet, also approve in advance its deployment as the native AMM and DEX for the Treasure Chain and network of Infinity Chains

This proposal will authorize core contributors to deploy Magicswap v2, a permissionless AMM that supports ERC-20 and NFT trading. Pools currently on Magicswap v1 will begin to be migrated to v2 in collaboration with partners, and eventually to Treasure Chain. Any existing LP reward programs will be migrated to v2.

The protocol will take a 0.3% fee on transactions. Pool creators will be able to establish LP rewards. The admin will assign token creator rewards to pools.

Upon launch of Treasure mainnet, this proposal authorizes the DAO to deploy Magicswap v2 on the Treasure Chain and network of Infinity Chains.

For the full proposal, please see: https://forum.treasure.lol/discussion/23919-tip40-deploy-magicswap-v2-and-authorize-first-nfterc20-pools-by-zeeverse

start

July 8, 2024

7:55 PM

end

July 12, 2024

1:00 PM

Voting

off-chain

Voting type

single-choice

Voters

150

Votes

3,438,008

Final Votes

closed

For

3.4M gMAGIC

100%

Against

51.1 gMAGIC

Abstain

0 gMAGIC

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

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Voting

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Voting type

100,000

Starts in

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Voters

1,000,000

Votes

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Votes

Choice label

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100%

Choice label

TICKER

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Choice label

TICKER

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