COLLAB token needs liquidity support. Over 67M COLLAB was distributed as unlocked tokens to the Top100 communities to distribute to their members. Sales from that distribution and the initial community claim resulted in current price.
Governance is live for the token and we would like to provide a more solid and sustainable financial foundation for the DAO by building protocol-owned liquidity for the treasury. This is preferable to providing short-term incentives to mercenary liquidity providers because it will not result in a sudden flood of tokens onto the market as incentives end and LPs seek to sell their token incentives and underlying LP assets. Revenue and sustainability are in the .
After consultation with legal advice, the Colorado Co-op DAO can provide liquidity to support token price, but the Collab.Land team cannot. This places us all in a bit of a since the DAO treasury does not have assets other than COLLAB to pair with and form an LP.
Collab.Land team is rolling out revenue-generating products, generally tied to:
- Providing services to communities (stables)
c. Collab.Land VIP
- User transactions via the gmPASS (ETH)
You can see the product map and (vague) timeline on whimsical.
Product map password
Team plans to allocate percentage of fees directly into DAO treasury, which will provide stablecoins and ETH the DAO can use to LP and support healthy token price.
In the meantime, we are seeking a group willing to do an OTC trade of COLLAB for ETH/stables, with stipulations of time-locking traded tokens or similar arrangement to align incentives long-term and prevent a large dump later.
Treasury management advice we’ve received is that simple is better as complexity adds additional attack surface to treasury management, similar to IT. KISS.