Description: Both the Chili & rChili coin have been launched with a token cap, and not too much functionality has been developed around them. With the plan offering grants and token distribution still being pursued, a major issue relates to the liquidity of the coin. For rewards to be built around rChili, it needs to be easy to enter the pool. Currently the pool size is around $15k of MATIC & rChili and would run into supply issues if rChili functionality started to be rolled out.
Manifesto/Vision: Ideally rChili becomes the reward token received from the community based Chili token. Then rChili can be spent on prizes and such. It would be best to have a stable and incentivized liquidity of rChili to allow for new non Metacartelians to buy rChili prizes and enter the ecosystem.
Problem: rChili’s small liquidity makes it difficult to purchase rChili if demand rapidly rises.
Solution: The larger liquidity pool we have, the more resistant it is from price spikes. Additionally a proper and sustainable market for demand can not form if supply is irregular.
Product: Adding liquidity to rChili on sushi
Validation: I spoke with the DAO during the Town Hall and there seemed to be support
Differentiation: We offer LP rewards https://chilikitchen.com/recipe/fish-n-chili/
Team: MetaCartelians, Damaged Goods
Grant Request $: $10k + equal amount of rChili
Help: Always looking for help with tokenomics
Additional Resources: If there are any members interested in building a more stable model we would love to hear additional ideas on how to build liquidity of rChili.
- This seems like a good idea
- NO rChili doesn’t need liquidity
- rChili needs liquidity but this isn’t the right way.