I would like to push for ASTR new season this April and start building the roots here.
@Finance_Committee I would like to deal with Astar financial committee a liquidity plan to Revive ASTR using our Uniswap V2 dex fork + comet swap together.
Plan: use 10% of revenue/profits generated by AFC to add liquidity in our lps 5% and 5% on comet swap.
As one of the objectives of the AFC is to enhance the value of ASTR, and since that can be interpreted to include increasing ASTR liquidity, I believe it makes sense to pair a portion of the revenue with ASTR and provide liquidity.
However, under the current operational situation, we are not generating significant profits. Previously, by providing liquidity in ASTR on Hydration, we were able to obtain DOT LSTs and realize profits in USDC. That is no longer possible, and currently we are managing the existing USDC in a low-risk strategy (using PYUSD on Morpho: APY 6.48%).
If we were to allocate part of this to liquidity provision, the yield we can earn would decrease. Additionally, even if we were to use future yields for liquidity provision, the returns themselves are not large enough to provide meaningful liquidity, which makes the approach somewhat fragile.
That said, I do think the proposal itself is worth considering.
@you425
Thank you for the clear update on the current AFC situation.
We understand the constraints and agree that it is not the right moment to proceed with this proposal.
We will explore other alternatives to add liquidity to Astar EVM and Soneium.
@Juminstock feel free to close the thread to keep the forum organized.
