PIP-05: Lend Funds to Provide Liquidity Provisioning from Community Treasury

Background

Since the launch of $PUSH token, we have seen the community grow and now we have almost 4,000 token holders in our community. This proposal aims to further help grow our ecosystem of investors & traders and to stabilize the $PUSH token market with liquidity.

Proposal Description

Making sure the liquidity of $PUSH is stable across all exchanges is very important to grow the $PUSH community. A highly volatile and illiquid token could drive away potential users. Hence, we propose to onboard Jump Crypto as one of our liquidity providers and to lend them 3% of $PUSH from our community treasury which now has ~40 Million $PUSH solely allocated for the growth of the ecosystem.

About Jump Crypto

Jump Crypto is the crypto arm within Jump Trading Group, which is one of the largest trading firms in the world. The crypto arm has been operating for the past six years and has become core builders, partners, and traders working towards the next frontier in crypto infrastructure. Jump has supported nascent and mature crypto projects alike, growing their networks and communities through liquidity provision. Recently, Jump was behind the $320M USD ‘patch’ of the Wormhole exploit.

More on Jump Crypto here: https://jumpcrypto.com/introducing-jump-crypto/

Expanding the Relationship with Jump Crypto

Jump are the lead investors in the most recent fundraising round for $PUSH and would like to expand their support for the EPNS project by providing liquidity in the $PUSH token on exchanges. As part of this partnership, Jump will borrow $PUSH tokens as inventory to provide liquidity on existing exchange venues as well as future exchange listings.

Benefits of onboarding JumpCrypto

improve the token liquidity on exchanges
support listing on additional exchange venues

Post onboarding, the performance of the liquidity provider would be reviewed as per the agreement conditions that would be accepted by both parties internally.

Conclusion

If this proposal is ratified, a legal agreement would be signed by the two parties.

start

May 2, 2022

4:30 AM

end

May 9, 2022

4:30 AM

Voting

off-chain

Voting type

single-choice

Voters

Votes

3,957,501

Final Votes

closed

FOR

4M PUSH

100%

AGAINST

0 PUSH

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%

Link to Forum Discussion

Background

Proposal Description

About Jump Crypto

Expanding the Relationship with Jump Crypto

Benefits of onboarding JumpCrypto

Conclusion

Placeholder title of a dao proposal

Lorem ipsum dolor sit amet

Link to Forum Discussion

Background

Proposal Description

About Jump Crypto

Expanding the Relationship with Jump Crypto

Benefits of onboarding JumpCrypto

Conclusion

PIP-05: Lend Funds to Provide Liquidity Provisioning from Community Treasury