Prop 18: Community spend proposal: Bootstrap liquidity on Kujira

Community spend proposal: Bootstrap liquidity on Kujira

Summary

This proposal seeks to request 65.000 $PLQ to grow liquidity on Kujira. The $PLQ will be used as incentives on the $PLQ/$USK pool on BOW for 90 days, as soon as we receive the funds. (https://bow.kujira.network/pools/kujira1q7p9wldxxvnqda4hx8w6caplqj33tfxne5efjamsp6ruhuk3knwqwjuhrn?pool=kujira1chfsnjzfjvfv9tdjrxxlnagv4m6s8aenmcrmzvtd8pjcns4qnalqdazdxt). We intend to incentivize this liquidity pools to attract deeper liquidity on the growing Kujira Platform. The foundation has already put out 65000 of their own $PLQ tokens as incentives onthe pool.

Goal

Recognizing the importance of liquidity, both community members and the Planq team have expressed the need for deeper Liquidity. Currently, Planq has $50.000 in liquidity on Osmosis, deep liquidity on Centralized exchange BingX, and liquidity for $WPLQ/$BNB on Pancakeswap (BNB Chain). The goal of this proposal is to bootstrap liquidity on the growing Kujira ecosystem and get a more stable price for $PLQ.

Motivation

Planq and Kujira have been friendly since the inception of Planq. We have always respected and engaged with their community, and were integrated on the platform very early. We thank the Kujira community for onboarding our tokens only 2 months after Planq's inception.

Kujira has shown immense growth over the past year, and the Kujira team has been relentlessly building throughout the bear market. We believe that being integrated into the Kujira flywheel has immense benefits for both the Kujira and Planq community. We can't wait to further engage with their strong community.

Planq currently holds all Cosmos liquidity on Osmosis. This proposal helps diversify the liquidity, and de-risk Planq from putting all their eggs in one basket.

Plan of action:

To execute this proposal, we will send the $PLQ from the community pool to one of the foundation wallets (plq1p7krk8r553cv6l6dlzqmwffgw5mt5dh0jz64tg). We will incentivize the $PLQ/$USK pool with these rewards.

Voting:

By voting 'Yes' you believe that Planq should spend 65000 $PLQ from the community pool on incentives for the $PLQ/$USK pool on Kujira.

By voting 'No' you believe that Planq should not spend 65000 $PLQ from the community pool on incentives for the $PLQ/$USK pool.

By voting: 'No with veto' You believe this proposal is a scam, and the proposer should lose his

Deposit address for the funds: plq1p7krk8r553cv6l6dlzqmwffgw5mt5dh0jz64tg