This proposal aims to take the first steps to taking MantaDAO activities multi-chain by enabling the launch of the first /MNTA PCL pools on Osmosis funded by 33% of the treasuries wETH + wBTC holdings. The returned LP tokens will be sent back to the DAO treasury and held on Kujira.
To date, wETH + wBTC activity on Kujira has been relatively low with daily volume of only around 1.8% of total TVL.
This contrasts with current native wBTC pools on Osmosis with around 300%.
I believe that by setting up PCL pools on Osmosis, we can increase revenue on our wBTC + wETH assets and begin diverting this revenue back to MNTA stakers on Kujira.
Once volumes on Kujira increase and we see liquidity challenges for large swaps, we can look at replenishing the pools to existing levels and improve trading experience.
This could potentially be the first step in MantaDAO reaching out to other chains, in order to funnel revenues back to Kujira and lead to an entirely new stream of income to improve returns for MNTA stakers.
Full details on numbers can be found on Discord.