0. Summary
This BIP seeks to initiate a liquidity pool for BOTTO on Solana to extend Botto's visibility in the broader crypto space.
1. Rationale
Botto is currently accessible to traders and active voters on both Ethereum mainnet and Base, whereby the BOTTO token may be purchased for speculative purposes and/or staked to participate in training Botto.
Recently, the growth of AI agents, particularly in the Solana ecosystem, has sparked more interest in also making BOTTO accessible for trading on Solana. As is evident from reviewing the top AI agents as tracked by cookie.fun, many are currently established on Solana.
Thus, there's an opportunity to foster greater awareness of Botto by making the BOTTO token available for trading on Solana as a starting point. By extension, this could draw more Solana users who are familiar with and immersed in AI agents there to then actively participate in Botto's training vis-a-vis the app experience on Ethereum and Base.
2. Proposal Specifications
Migrate 10% of Ethereum Mainnet Liquidity to Solana: to initiate and seed a BOTTO pool on Solana, it is proposed to migrate 10% of BOTTO's liquidity in the Uniswap V2 pool on Ethereum mainnet.
This 10% is proposed to supersede the amount that was originally designated to be migrated to Base in the future, as previously agreed to by the DAO in BIP-63. As such, this proposal does not fragment BOTTO's liquidity beyond what was already approved by the DAO.
Time Lock Liquidity for One Year: the BOTTO pool on Solana is proposed to be time locked for one year, with automatic annual renewals of the time lock thereafter unless otherwise determined by the DAO.
Time locked liquidity may be implemented using UNCX's Solana locker vis-a-vis Raydium Protocol, a leading DEX on Solana.
Proposal Scope: note that this proposal is limited to initiating a trading pool for BOTTO on Solana.
Any further integration of the Botto app experience on Solana is beyond the scope of this proposal and may be deliberated by the DAO separately in the future after considering the results of this initiative, as applicable.
3. Criteria of Success
Expanded exposure and visibility for Botto Project vis-a-vis BOTTO's accessibility for trading on Solana.
Growth in active voters and DAO participation from Solana users who decide to engage more in Botto Project on Ethereum or Base.
Increase in token holder distribution and overall discourse about Botto Project on social media platforms.
4. Disadvantages
- Although the proposed migration of 10% of BOTTO's liquidity on Ethereum mainnet to seed a Solana pool will further fragment liquidity, this does not exceed the amount that was already agreed to by the DAO with respect to the Base integration in BIP-63, and simply supersedes it instead.
