AMM liquidity improvements II

Following the successful execution of the IIP-39 at the start of the week, today, we executed the actions voted by the DAO*.

With the IIP-39, we transferred 75,000 USDC to the Treasury League multisig, to this end:

  • 40% of the funds were used to buyback some IDLE**
  • 60% of the funds were used to increase the token liquidity in the market

The table that follows shows a summary of the transactions made

Tx hash Description Token Amount
976 Redeem Uniswap v3 liquidity IDLE-ETH IDLE -85,248
Redeem Uniswap v3 liquidity IDLE-ETH ETH -3.39
977 Redeem Uniswap v3 liquidity IDLE-USDC IDLE -38,190
Redeem Uniswap v3 liquidity IDLE-USDC USDC -6,849
978 Redeem Uniswap v3 liquidity IDLE-ETH IDLE -80,045
Redeem Uniswap v3 liquidity IDLE-ETH ETH -0.167
980 Swap USDC to IDLE on Matcha USDC -30,000
Swap USDC to IDLE on Matcha IDLE 98,044
982 Re-deposit liquidity in Uniswap v3 IDLE-USDC IDLE 164,888
Re-deposit liquidity in Uniswap v3 IDLE-USDC USDC 51,849
983 Re-deposit liquidity in Uniswap v3 IDLE-ETH IDLE 38,357
Re-deposit liquidity in Uniswap v3 IDLE-ETH ETH 3.55
984 Re-deposit liquidity in Uniswap v3 IDLE-USDC IDLE 49,000
Re-deposit liquidity in Uniswap v3 IDLE-USDC USDC 1,570
985 Re-deposit liquidity in Uniswap v3 IDLE-ETH IDLE 45,000

–
* The bootstrap liquidity budget transferred to Leagues was cut in half in line with the final round agreement terms
** Before starting the liquidity increase and buyback, we redeemed the current liquidity to avoid any redundancy

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