This proposal follows execution of referendum #69 (nice) and the ongoing discussion #102 regarding conversion of the remaining Wormhole (Acala) assets to Wormhole (Moonbeam) assets. Thus far responses have been clearly in favour, and whilst we should allow the discussion to continue regarding whether this is a full transition or partial, it makes sense that we should at least partially transition further liquidity in order to more appropriately balance the liquidity.
This proposal, if approved, will:
- remove the following LPs:
- Liquidity position #1672 - 292.37 shares of WETH Wormhole (Acala)
- Liquidity position #1404 - 13.22 shares of WBTC Wormhole (Acala)
- create the following OTC orders:
- Swap 300 WETH Wormhole (Acala) for 299.25 WETH Wormhole (Moonbeam) [0.25% premium]
- Swap 12 WBTC Wormhole (Acala) for 11.97 WBTC Wormhole (Moonbeam) [0.25% premium]
It will also remove/ destroy the following positions:
Which were withdrawn in referendum #69, but due to issues relating to size of the numbers did not 100% withdraw the positions and destroy the NFT. The value of these 2 positions is insignificant but this should be cleared up regardless.