---
# System prepended metadata

title: Token Liquidity Opolis Notes
tags: [Opolis]

---

---
tags: Opolis
---



# Token Liquidity Opolis Notes

[Asana Ticket]([https://](https://app.asana.com/0/1200382420173732/1200444241806996/f))

https://docs.google.com/document/d/1YzkD9wtPLFB38xLSbySkQVWiwOkgk_5Hg61fRpdTDl8/edit#heading=h.dlxgrly3qn05

put our WORK tokens and we pair their USDC and make a pool and then get rewarded for their liquidity, and then the 

we are 

PoolHaus - works as a coordinated liquidity DAO, people can buy into a Poolhaus and buy in at USDC/wETH,get rewarded, we will purchase the tokens to get pressure, and then others will come in for LP tokens, once the window to join is closed, we put those money into a PickleJar and then streamed back into the DAO. You can also do this yourself. 

We are doing this coordinated. If we don't have enough work 

---

11/22/2021

Options: 
1. Send back LP tokens
2. Send back tokens after lock-up period
3. Rage quit position, Stay in LP pool
4. Vote on who wants to stay and leave


If they join the call, they need to submit in writing their decision

if not response in writing, then default is sending back their LP Tokens


Yalor - Booking time
Will - the platform execution
Sydney - details of options, LP next steps

---
## Token Holders

08/17/2021

Attended: 
Sean/Magic
Thomas/Mesh


Missed: 
Blackcomb
LionsCapital

Next Steps:
Yes - Sean/Magic - set up time with him to put in capital

Soft Commit - $72K, Thomas can sign-off but wants consensus 
- needs price floors to calculate risk

Yes - Vig, $250K, can do USDC or DAI. His original capital req was $68.5K
Just wants to see his balance for confidence in the project, as Joshua for help

The more you add, the more stable the price is

Pain Point: 
- TG, too may communications

Buying Point: 
- the capital is allocated for a return
- rewards introduced
- 

---
---
## Vesting

vesting schedule for the rewards 

---
## Matic Polygon
08/16/2021

Hamzah Khan - defi at polygon
$3-$5M pool w/ incentive program
Balancer 
Quick has a rewards program? 
hamzah@matic.network
asif@matic.network
mannyreimi@gmail.com at Pickle Finance

Next Steps:
Matic won't give rewards, but do something with Sushi

not going into ZK Roll-ups

Reward is given to Sushi > Sushi gives rewards MATIC rewards to users.
		If we wanted an incentived pool we would just talk directly to SUSHI and they would allocate a specific amount of MATIC

## Sunday Meeting

- Read Sushi Docs, Onsen
- 60% APY
- Getting Collateral participation
- token price, Price floor: $0.40, $0.28
- moving to Rewards


hold liquidity position for 6 months

**Currently:** 
Token price: $0.52 - $0.58 
Price floor: $0.40, $0.28
Pool size: 3.5M $WORK (priced in) and $1.4M collateral USDC

**Rewards Program**
Polygon is the the pool we start with it, as it has higher rewards
Pickle Jar token pairing 
Matic 

Work with Pickle Jar with desired APY

Staking Token $WORK to get rewards

Stabilization at the entry price for the next few years, profit pass through, etc 


---
### 08/13/2021

## Pickle Jars

How much time until Pickle Jar sets up
Liquidity launches and we promote

**Need Onsen Pool ID to start Pickle Jar**
GRT graph query data

27% fee, APY is net

500K $WORK, if X staked

5 days for Sushi adds us

AngelDAO has APY ROI request: 
Best compounding strategy for best APY. If you have best yeild / APY and no one taking it, then it's too risky and no one willing to take it

You can tell the contract, change perameters to get a certain speed per contract,

Medium: how many tokens, how long, distribution curve, this speed per block, and where we are going to keep it, front load it and dont' get too crazy. 

If we front-load we will keep it to a static rate

LP Token staked - how is yeild calculated? - When Pickle adds new polygon pool, they assign a weight through the Master Cheif weight, and contract recalculates the weight
1. you have X amount of pickle to be distributed


Can We Estimate? 
Manny to calculate Pickle yield, we have the spreadsheet where we put everything in there

Need to know: what allocation point Sushi is giving us
For Matic: we get an estimate on how much they giving us, and how fast we can spend it. 

Give us 50K grant per month can't be spent in a week 

$3.5M size and @ $0.50, estimation at Pickle token price

Need sushipool GRT graph query data

Handholding through LP, Pickle Jar, Matic
John is going to transmit 1M token, and set up the reward system through Sushi Onsen - no grant, this goes directly

Token Price Design
LP Design
**Client Support**
**LP attraction: Sushi/Onsen, Pickle Jar, Matic 
Hand-holding LP Execusion**
**Reward Design**

Token

Selling Points: 
Why wouldn't you do this, you are the first ones to hear about Sushi/Onsen, Pickle Jar, Matic 

## Next Steps:
**Need Onsen Pool ID to start Pickle Jar**
Sushi allocation and Matic


---
Tokens: Unlimited
Gensis Allocation: 315,000,000
Currently in wallets: 118,077,389.75


---

**08/10/2021**

Price floor: $0.40, $0.28

```

Ya thats right about we what saw.
The first price floor we expect is at 0.40 then the second layer of resistance to take place right at 0.28

Will Krol-Sinclair DamagedGoods, [06.08.21 10:38]
But I think there's 3 factors we can assume 
A) if 1.4MM WORK is sold off it will be over a longer time span -> deflating sell pressure 
B) there will be an unknown amount of buy pressure to counter act sell pressure. 
C) not all 1.4 MM WORK will  be sold. My pessimistic estimate would be 35-50% gets sold within 1 month. My optimistic estimate is 10-18% is sold within 1 month of pool launching.
```


Badger is giving pushback for liquidity for the pools
major capital investment, why would we put more in

**Community Buy-in**
We need this much capital 

**Onsen Proposal**
https://docs.google.com/forms/d/e/1FAIpQLScdc7iovZ5TMOstRHQCfXbj2WwscRBiF8kHRgsrmbN26QE0kw/viewform


Next Step:
Yalor to get grant template from Jonathan
Sydney draft grant proposal for DAO, ask $100K to setup Sushiswap rewards 

---
**08/02/2021**

game theory, buyers happy to buy-in

Previous price 
$0.14 - $0.16, most have equity
$0.50 Peeps Democracy was absorbed in a acq-hire

1000-250 
$0.02 - $0.04 were the airdrops and those may dump
count 250, 500, 1000

Employee member needs OTC deal 300K

1M - wants to add liquidity 

What was the floor

Exit from equity:
Colorado LLC will acquire Opolis

Goal: Is to just create a stable price. This is to be a sales tactic

$WORK token represents revenue stream

Don't need ponzi-nomics

**Revenue Share**
Need to get to 1000 to print money

Colorado Balancer Pool - Deep liquidity
SporkToken, Work, GTC, 

Our offer: DAO efforts are the coordination event

### Liquidity

There's deeper liquidity on mainnet, so collateral on AAVE, everything else is on Polygon

---
```
What are we offering
Why you should do this
How does it work
```
**Why you should do this**

Incentives
Reasons
Price point $0.24

Token Holders come together and create liquidity for price movements, needs the capital to be moving in the markets

Incentives
Staking
Profit
Liquidity
 

**Reasons**
$WORK needs enough traders to keep the price moving smoothly. This asset can be liquidated while retaining its market value.

**Price Point**
$0.24 
at $0.24 allows token holders to come in, and room to grow into $1

1.5x - 2x return in the short-term 

**Who**
31 institutional Community Development/Token Holders
Currently: 6,946,222.32 shares @ $625K

Retail/Speculators
Members
Investors/Token Holders


## How
- Disclaimer/expectations 
- how much collateral down
- profits explained



---
07/8/2021

:::success
liquidity on ETH
:::

Q&A
- how much % of each hold to move
- when buy/sell, how much?
- how soon are their allocations


Notes:
the tokens they put up, they are going to lose, if price goes up they will automatically get sold

This is what you will be sacrificing in the liquidity pool, but this is what you will gain

:!: They need collateral to enter the liquidity pool

:::info
Next Steps

1. create steps, 1 -5
2. How much volume or % are you holding/selling
3. Create videos/instructions
4. Double-check target price 
:::
https://docs.google.com/spreadsheets/d/1Isl0xNCjQ_i-R-HSo21ap5NFzhLlAT9ql9yE02bwsRc/edit#gid=1916942506

This is how much you have
This is how much everyone has
This is where we are going
This is how much you are selling


```
if the token gets to $0.24, they need to put down liquidity, so what that means is that they are spending the amount of money twice, so they are spending at $0.09, and now what they currently need to put down for collateral

1. is the vested amount 
H2*0.09
aka they paid whatever that amount is and additionally the collateral to get the token to 0.79
Their profit is that they will be in the hole

Get the rest of their 75% of tokens, will profit, so sacrifice a smaller portion so the larger portion can win

How do we get $0.09 to $0.24? Depends how much ETH/DAI we put into the pool, and we create the floor. If we started at a dollar, then they would need to put even more collateral 
```

:::warning
If ETH keeps taking, the value will keep taking


Presentation itself:
1. this is what you have vested
2. this is what you need to put down as collateral
3. If so, Column L, is what you will be "profiting" aka short term it's a loss
4. The profit comes in Column M, long term this is what you're profitting

Their profit at this rate (across 4 years) is a 2x return

We are not presenting on how much X return they should target, we are simply showing how much they are profiting

:::

https://docs.google.com/spreadsheets/d/1Isl0xNCjQ_i-R-HSo21ap5NFzhLlAT9ql9yE02bwsRc/edit#gid=1916942506

---

**Mining** 

5M $WORK are minted every block. A new block is mined every $50k in PCPV growth. We are currently in Epoch 6 ($350k in PCPV) and will enter Epoch 7 when we hit $400k in payroll in a single pay cycle. This continues at $50k growth intervals until $1mil (Epoch 17). $1mil in PCPV = $24mil in ACPV.

We are at about 80 members and $380k, out goal by end of year is 300 members, but at our current avg salary per member we reach $1MM at 210 members, which would be less than tripling our current membership

So we are currently at $400k per pay period, when we hit $450k / 5mm $WORK is released to the members, same for $500k, $550k, etc ect

$750k would be 35M more $WORK. I'm guessing that might move the market volume up toward the figures we need ?

---
```
How it failed

Greetings $WORKforce,

We are writing to make you aware of a partial relaunch of $WORK Rewards and wanted to provide you with an update and overview of the logistics.

During the launch of $WORK Rewards, the Independent Worker Coalition inspired more people than we had anticipated. Thousands of individuals and organizations jumped at the chance to join the Commons. Opolis’ goal of providing a global public infrastructure for employment has brought worldwide attention to the project.

Although the launch was designed with the utmost care for security, we encountered a few unforeseen technical issues, including a significant Sybil attack on the credit card processing provider on the Member signup page. The attack allowed a few nefarious individuals to procure hundreds of fake Coalition memberships.

At no point was the token infrastructure or any Member information compromised.

Although the Sybil attack and related credit card fraud was a significant consideration for deciding to relaunch $WORK, a few other circumstances contributed to this outcome.

We’re moving the core application functionality from xDAI to Polygon! There is much more robust support for Polygon and we have cemented a partnership with the core team, which we aim to leverage in the expansion of the $WORKforce Community.

A few key contributors accidentally sent substantial amounts of $WORK to mainnet contract wallets which do not support xDAI token access. As a result, those tokens were lost permanently. The possibility of this happening again is being removed.

Transferring Superfluid “supertokens” on Mainnet proved to be more gas intensive than forecasted. Upon redeployment, you will no longer be required to “unwrap” your $WORK with Superfluid before bridging them to mainnet.

We will email you again when the redistribution is complete with specific instructions on what to do (if anything). We estimate that the relaunch will take place in the coming days.

Thank you for your ongoing support and participation in the future of $WORK!

Sovereignly yours,

The Opolis Employment Commons Stewards
```
```
Token Details: 
- Re-deploy of Polygon $WORK done by Monday. 
- Badger and other investors will have their tokens by Monday as well. 

Investor Details:
- Investor distro list (coming from John Paller)
- Email intros from John to investors, Strategic Ally Council (coming soon) 

Technical Details:
- Mainnet and xDai design decision to change token name ProtoWork >>> $WORK ( complication around bridging tokens and using SuperFluid ) 
- Vesting tokens are being streamed using SuperFluid. 
- Tokens are on Mainnet and not on xDai at all. 
- Treasury remains on Mainnet, portion of tokens goes to Polygon. 
- Payroll mining tokens are 
- Sybil attack happened on credit card processing process using Stripe, allowing 1000,s of tokens to be hijacked. 
- Investors sent work from xDai to Mainnet Gnosis Safes (loosing tokens in the process) UX issue that has been resolved. 
- Education gap with investors, not knowing how to navigate the removal or staking process. 
- Badger delayed the $1mm distro from the treasury proposal (causing a kink in process to creating LP pools, or price discovery) 
- $WORK being listed was held up by complexity of token wrapper, Coingecko would not list until it was on an exchange. 
- No pools created, no one led the LP round for others to follow.
```

```
This Raid is officially paid, https://etherscan.io/tx/0xe64edd651dd5c9dbd049d8472ef5b1dd2df2ee836964f71ab597433a53167c43

 Let's sync next week on how we would like to transfer the funds into the DAO or xDAI moving forward ?
```

```
Hello $WORKforce,

We have completed the redistribution of the $WORK Rewards tokens and the migration to Polygon! $WORK now is easier to use, and this redistribution allowed us to fix the issues we flagged in our previous email this week.

You are now able to see your updated $WORK Rewards balance by signing into the Member Dashboard.

Because the Commons Membership has grown to a global community, our ability to answer questions 24/7 has become more challenging. As part of the redistribution, the $WORK Support FAQ was significantly expanded to assist Members with questions that may arise.

Questions surrounding the $WORK redistribution can be directed towards coalition@opolis.co or our $WORK Support Discord channel. For the fastest response, please use the ticketing system in the Opolis Community Discord.

Here is a summary FAQ specifically related to the $WORK relaunch:

Q: Where can I see my new $WORK tokens?

A: Your new $WORK rewards have been automatically added to your default Magic Wallet in the Member Dashboard. You can see your $WORK Rewards balance by signing in and clicking on the Rewards and Governance tab.

Q: What do I need to do?

A1: For Members previously using the default “Magic” Wallet in the Member Dashboard to store/stake $WORK:

Almost no changes occurred.

Your new $WORK Rewards are visible in the Member Dashboard just as before.

You WILL need to re-stake your tokens if you wish to earn Staking Rewards via Payroll Mining.

Send your old $WORK to a burn address listed below under the question, “What do I need to do with my old $WORK?”

Note that Staking Rewards have not been distributed for Community Growth as of this email. No one has lost an opportunity to stake based on the relaunch.

A2: For users who previously used the “Change Wallet” feature:

We reverted your selected wallet back to the default Magic Wallet for the redistribution.

If you wish to change to a MetaMask wallet, you can do this through the Member Dashboard using the “Change Wallet” feature. For the time being, MetaMask is the only wallet provider supported.

Once you change your wallet from the default Magic Wallet to a MetaMask wallet, your $WORK tokens will automatically be transferred to your MetaMask Wallet without the need to sign a transaction.

You WILL need to re-stake your tokens if you wish to earn Staking Rewards.

These are the new $WORK token contract addresses:

Token Address on Polygon:

Add 0x6002410dDA2Fb88b4D0dc3c1D562F7761191eA80 as the “Custom Token” contract address to your MetaMask on Polygon. Note that your new allocation of $WORK will be reflected here.

Token Address on Mainnet:

Add 0x1482295Df16e7761d128B9823B61785D43CA038B as the “Custom Token” contract address to your MetaMask on Mainnet.

Support for the old contract addresses and related tokens has been deprecated.

Q. Do I need to do anything with my old $WORK tokens?

A. If you wish, please send your original $WORK allocation to 0xfAcBDD15824C753493d66569A90A753F83D36ddE via the xDAI network. We will be burning $WORK that is sent to this address. This will cost very little in gas.

Sending your old $WORK to this address will help prevent confusion in the market for you and for others.

NOTE: Those receiving vesting $WORK will still be receiving vesting $WORK in real time via Superfluid. We will be starting the streams to your elected wallets following this initial, vested redistribution.

Thank you again for your ongoing support and participation in the future of $WORK!

Sovereignly yours,

The Opolis Employment Commons Stewards
```
```
badgerDAo
$0.09 a token $1

Goal $0.50
Get price first
No liquidity pools, need a certain volume, Will help with the model
    Project Tasks, will have tons of Qs on tokens - 
    Token Detail 
    

```
---

```
$Work
Patronage Rewards token
$WORK tokens are a unit of account to determine the amount of patronage  profits a Member is entitled to if/when they are declared by the Commons. 

mining/aka distribution model/liquidity
I don't understand the mechanics of payroll mining
    - take 1% of your DAI, and you get $WORK

Public sale
$WORK will not be sold to the public, nor to investors. The only path to receive tokens will be to participate in one or more of the ways listed above.

Therefore there will be no implied price or value of a token determined by the Commons. 

Supply 
There is no cap on the total amount of $WORK which can be minted & distributed. However, as the Commons grows, distribution of new $WORK will diminish, based on the difficulty of reaching larger and larger % based growth milestones. $WORK is only minted and distributed when growth milestones are met. 
$350K allocation, 52% for community 
    - so how much will the community be market makers?

Questions to company:
You will not publically sell? Ever? 
how much will the community be market makers?
Only members can be market makers or can non-members be market makers? When we are 

Notes to self:
Correlation of mining activity providing liquidity? 
Need liquidity depth
How liquidity if there are no cap (tied to eth pool, hold it long term)
We are starting a liquidity pool
Is there a difference for ICO tokens vs DAO tokens? 


Steps 
1. securities liquidity 
2. token liquidity (velocity, depth) (fundamentals vs trading), market cap
3. set up liquidity pool (not diluted)
ICO tokens vs DAO tokens
```

wants:
Liquidity
Options
Coordinate liquidity, don't burn/sell, find utility

## BadgerDAO
What are you looking for next?

- wants return from investment
- how do you manage the tokens?
- Jon Tompkins, tokenomics 
- Yearn Vaults (partnership)

**Long Term:**
how do we feed value back to the DAO? 
How do we get there? Partner with all those making Opolis successful 

**Not Strong in:**
Time to drive this thing

Can Do:
- launch vaults
- partnership aligned
- committed 2% to Gitcoin

Ideas:
- $WORK/$BADGER pool, there's general resistance against pairing governance tokens
- Create matching fund, create a pool
- Sushi/Miso to raise funds

Asks: 
- List of individuals/institutions that has $WORK in their treasury
- List of BadgerDAO clients/partners
- how are you currently using the $WORK token? at what volume?
    - intro to Mason (treasury) 
- Mainnet issues faced at launch
- list of exchanges, No liquidity on exchanges
- List of investors, how much put in, how much recieved 

**Token Functionality**
Inside the UI and you can stake your token

```
Badger DAO ROI 
Gave $1M (500K USDC, 20% BTC, $BADGER) for 11M $WORK 
~ at around $0.09

```



This is a deflationary token
Find on other platforms, can only be sushi



:::info
**Resources**
https://finematics.com/liquidity-pools-explained/
https://docs.google.com/document/d/1YzkD9wtPLFB38xLSbySkQVWiwOkgk_5Hg61fRpdTDl8/edit#
https://www.investopedia.com/terms/m/marketdepth.asp
https://worthwhile.typepad.com/worthwhile_canadian_initi/2012/10/liquidity-velocity-multipliers-menger-money-and-bubbles.html
https://www.investopedia.com/terms/v/velocity.asp
https://2012books.lardbucket.org/books/finance-banking-and-money-v1.1/s23-money-demand.html


Community Development:
https://docs.google.com/spreadsheets/d/1CkmVJmny2gR3YzkwoZLSvl30IDFFgB4HwbHRq4Y2Y4A/edit#gid=1916942506
:::