Transfer 3 ICP to add liquidity to the SNEED/ICP pool on ICPSwap
Proposes to add liquidity to the ICP/SNEED pool on ICPSwap.
Following this proposal, we proposals to apply for the transfer of 3 ICP from the Sneed treasury to the ICP/SNEED SwapPool canister owned by ICPSwap (osyzs-xiaaa-aaaag-qc76q-cai).
The destination account for both transfers will be the same but on 2 different ledgers(ICP and SNEED) and is as follows: Principal: osyzs-xiaaa-aaaag-qc76q-cai
Subaccount: [10,0,0,0,0,2,0,0,143,1,1,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0] (this is the Subaccount generated from the Sneed governance canister Id, fi3zi-fyaaa-aaaaq-aachq-cai)
The liquidity funds are located in the Subaccount generated by the Sneed governance.
If these proposals are approved, ICPSwap will add the funds to the liquidity pool. Half of the transferred funds will provide liquidity in the range of 15 to 60 ICP per SNEED, and the other half will provide liquidity in the full range for the ICP/SNEED pool.
Please note: There may be price fluctuations for SNEED between proposal initiation and successful transfer. When adding liquidity, the price range will be dynamically adjusted based on the current price of SNEED, but it will not deviate significantly from the set price range.
Subsequent proposals can be made to add more liquidity or adjust the ranges if the price of SNEED experiences significant changes.
Submitted on Blast
