Summary
BIP-99 proposes discontinuing the $BOTTO liquidity pool on Solana, originally established under BIP-69, and bridging the liquidity back to Ethereum mainnet. The Solana pool has not achieved meaningful staking activity or community growth, and maintaining it introduces unnecessary operational complexity and cost. Consolidating back to mainnet simplifies our liquidity structure and aligns with the ongoing sanctification of Botto's core protocol.
Rationale
BIP-69 created a $BOTTO liquidity pool on Solana by migrating 10% of Ethereum mainnet liquidity, locked for one year via UNCX on Raydium, with automatic annual renewal unless revised by the DAO. The LP is set to auto-renew this month (May 2026) for a second one-year term, but this BIP seeks an authorization to exit at the time of renewal.
The original goals of BIP-69 were to expand Botto's visibility in Solana's AI ecosystem and attract new users to BottoDAO activities on Ethereum and Base. In practice, the Solana pool has not produced meaningful volume, staking activity, DAO participation growth from Solana users, or measurable increases in token holder engagement.
BIP-68 already establishes time-locked liquidity on Base and Ethereum mainnet, providing stability and visibility where Botto's primary activity occurs. Consolidating back to mainnet strengthens those existing positions and reduces fragmentation.
Proposal Specification
- DAO approval and announcement — [DATE]
Upon passing of this BIP, an announcement will be made in Discord and on the Studio informing the community of the decision, the rationale, and the planned exit date. This will include guidance for any $BOTTO holders on Solana who wish to bridge back to Ethereum mainnet ahead of the team's exit.
The team will publish clear step-by-step instructions for bridging $BOTTO from Solana back to Ethereum mainnet, including the recommended bridge to use. These will be shared alongside the announcement.
- Community migration window — [DATE + 4 weeks]
A 4-week window will be given to allow any Solana-based $BOTTO holders to bridge their tokens back to mainnet before the liquidity pool is dissolved. The team will send a reminder at the halfway point.
- Exit from UNCX lock — [DATE + 5 weeks]
The team will initiate the exit from the Raydium pool via the UNCX Solana locker. Bridge and transaction fees will be covered from the treasury. Funds will be bridged back to Ethereum mainnet using an established and audited bridge. Returned liquidity will be deployed back into the Ethereum mainnet Uniswap V2 pool, consistent with the existing POL strategy under BIP-68.
Estimated total timeline: 5 weeks from BIP approval.
Budget
Minimal — bridge and transaction fees only. No new budget required.
Criteria of Success
- Solana LP fully dissolved with no remaining positions on Raydium
- Community notified with sufficient advance notice and bridging instructions provided
- Liquidity successfully bridged and deployed back to Ethereum mainnet
- Simplified liquidity structure across two chains only (Base and Ethereum mainnet)
Disadvantages
- Removes Botto's presence in the Solana ecosystem entirely, which may disappoint any Solana-native community members.
- If the BOTTO token gains traction on Solana in the future, re-establishing a pool would require a new proposal and migration.
