This is a signalling text proposal aimed at expressing intention towards taking the first step towards creating protocol owned liquidity on BOW. MantaDAO aims to request to do a $150k token swap of treasury MNTA, for $150k worth of community pool KUJI with amounts to be determined at time of community pool proposal creation.
At current value, the estimated MNTA treasury spend would be 1.013m MNTA.
The received KUJI from the community pool will be matched with a further $150k of treasury MNTA, and deposited into the MNTA/KUJI BOW Pool, delivering a total of $300k TVL and becoming the 4th highest BOW pool by TVL.
The MNTA/KUJI pair will allow for efficient routing from MNTA to any of ATOM, axlUSDC, USK or ampKUJI at very low slippage due to their high current liquidity and will scale down the amount needed for incentives on MNTA/axlUSDC and MNTA/USK.
It will also serve as a crucial hop-point pair in MantaSwap routing, with further <TOKEN>/MNTA pairs to be deployed in the future with POL that will deliver low-slippage trades with high liquidity for BOW without the need for emissions.
The Kujira community pool would be free to either match the swapped MNTA with KUJI and double the POL with their LP retained within the community pool address ($600k total, 3rd highest BOW pool) or retain the MNTA as it is within the community pool for whichever action they choose.