SEFI Market DAO

Hello world,

First of all thank you for voting on proposal #23, we’re thankful that our proposal attracted a solid voting power on both sides.

While we are excited to start working on it and on the prospect of consolidating this idea into a proper community run set of tools, we acknowledge that there was a sizeable “no” vote which we believe may be due to a lack of proper explanation of what the proposal is about from our end. This thread may serve to address those points or clarify the intention.

We’re bullish on sefi and prifi in general and want to see this DEX flourish. Volume is a key metric for a DEX, monitored by almost all players, directly correlated to how much profit LPs (the backbone of the DEX - shoutout to you) make. More volume → more fee → LP more attractive → more LP → price stability etc , and add a lot more users. Our proposal is a short term experiment: add 500k$ volume every day for 2 weeks, and we have a long term vision for it as well.

Some immediate points:

  1. The proposal is not to market sell 500k sefi, nor to use the community pool to do “profitable” trades and keep the profit:

    • As specced out in the proposal the sefi will be solely used for fee and price slippage for the trades that generate volumes, you can think of it as doing back and forth between assets for instance, like sscrt → sefi, sefi → sscrt. Hence why 500k sefi can be used to generate $500k volume/day for 2 weeks. In the odd instances where we capture small profit from trades this will just be reinvested.
  2. The long term vision is to empower the community to build their own trading tools, if the community thinks this is best done by the current committee we will gladly yield that idea to them to flourish. We believe empowering users with correct tools will increase activity and overall health metric of the dexes - everyone can benefit from arbs, from trading strats etc …

Happy to entertain conversation, we’re awaiting funds & are very excited to start implementing
Peace