Aerodrome AJNA and bwAJNA Liquidity Deployment
Request
Recieving Address: 0xE85E6C3644828DF37F62E0D810EdeA487d50C8d0
AJNA Amount: 1,000,000
Applicant and Team Information
Applicant Name: Supportive LLC & StableLab
About you and/or the team: Both grantees, delegates, and supporters of the protocol.
Project Information
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What is it?
A plan to permanently deploy one sided liquidity to AJNA/USDC and bwAJNA/USDC Aerodrome pairs on Base. -
What problem is being solved, how?
AJNA and bwAJNA liquidity is very low and it’s expensive to trade or convert AJNA to bwAJNA on Ethereum Mainnet. Deploying some liquidity on these pairs on the Base network will make retail trading of AJNA more likely. -
How will this project be a source of growth or success for Ajna? Please include a step-by-step summary of how you imagine the completed project will affect Ajna.
Improving AJNA liquidity will result in better trading environment which is good for investors and purchasers of the token.
Improving bwAJNA liquidity will improve the competitiveness of the claimable reserve auctions. -
What is/are the objective(s)?
- Permanently LP half the tokens in the AJNA/USDC pool
- Permanently LP half the tokens in the bwAJNA/USDC pool
- Burn the LP tokens.
- What is/are the deliverable(s)?
- Convert half the tokens to bwAJNA.
- Use a bridge to move AJNA and bwAJNA to Base.
- Find or open AJNA/USDC and bwAJNA/USDC pools.
- Deposit single sided liquidity to AJNA/USDC
- Deposit single sided liquidity to bwAJNA/USDC
- Send the resulting LP tokens to the 0x000… address.
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What is the timeline for completing the deliverables?
Within one week from receiving the granted tokens. -
What level of support do you anticipate needing through the duration of the project?
None. -
How often will progress reports be published to the forum?
A transaction will be posted in the comments of this thread proving the LP tokens were burned. -
What are the estimated costs associated with the full completion of this project?
Small amount of ETH for the transaction cost. -
If applicable, How will the project be maintained after completion of the grant?
n/a
Additional Information
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How will you handle a delay in your project timeline?
n/a -
How will you handle a scenario where the project can’t be completed due to insufficient funding or other factors?
n/a -
How will you handle a scenario where the project is completed, but significantly under-budget?
n/a