Tonight I purchased another pool pairing for SPORTS with SWAP.BTC. This will allow anyone with SWAP.BTC to trade into or out of SPORTS! You can probably imagine how this could benefit everyone in our tribe. Regardless if this gets funded or not I felt it was important enough to fund myself with the belief it benefits us in the long run.
I'm requesting a total of 18,000,000 be sent back for the BEE required to create this pool. This would be distributed from the token fund over the period of Jan 31, 2022 - Jul 30, 2022 with 100,000 being distributed back to @patrickulrich each day. I believe this is a steal for the tribe as the cost in terms of SPORTS would equate to over 18,000,000 SPORTS alone.
In a future governance proposal I will request adding the SWAP.BTC and SPORTS held in @sports-gov be added to this pool for liquidity. This will allow the tribe to generate a bit of extra value from what's currently being held in our governance account. That being said you can add liquidity to this pool today to start earning from any swap fees this pool generates.
Note: I've also gone ahead and paid to create a distribution contract for this pool to have liquidity rewards in the future. This will allow us to simply vote in the rewards that we'd like to offer for liquidity to this pool whenever we're ready with a number.
To vote to approve this proposal please visit: https://www.sportstalksocial.com/proposals
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