Durden

@Durden

Joined on Jan 11, 2024

  • Responsible Parties Durden, Ben H, Nico, joebuild, and Dodecahedr0x. Overview Sell META via a Dutch auction executed manually through OpenBook, and pair the acquired USDC with META to provide liquidity on Meteora. Background Given the currently low volume and high volatility of META, there is little incentive to provide liquidity (low fees, high risk of impermanent loss). Yet there seems to be near-universal agreement in the Meta DAO Discord that greater liquidity would be highly beneficial to the project. While the DAO has plenty of META, to provide liquidity it needs USDC to pair with it's META. This USDC can be acquired by selling META.
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