Proposer: @rakka_sol

Action: Liquidity migration

Purpose: Governance alignment

Summary

If passed, this proposal migrates Omnipair's liquidity and DAO to the MetaDAO v0.6 program.

100% of liquidity currently held in the Raydium CPMM pool will be withdrawn and reallocated: 90% to an OMFG/USDC futarchyAMM pool, and 10% to a Meteora DAMM V2 pool.

Details

At the time of Omnipair’s token launch, the futarchyAMM had not yet been deployed and its liquidity was established on Raydium. The proposed migration brings Omnipair’s governance structure fully up-to-date.

The migration to a new DAO carries with it the following configuration changes:

• A team address for use in protocol team-sponsored proposals
• Team-sponsored proposals with a negative pass threshold of -300 bps
• Community-driven proposals with a 300 bps pass threshold
• Base stake requirement of 1.5M OMFG tokens

It also accepts the upcoming program update which allows for optimistic governance, enabling one-off expenses up to 3x the spending limit to be enqueued and executed after a 3-day contestation period.

If contested, the transfer enters the traditional proposal process as a team-sponsored proposal.

Execution

This proposal has a custom migration contract you can review the source code for here. It will unwind the liquidity on Raydium and initialize the futarchyAMM as well as set up the Meteora pool and transfer USDC funds from the existing Squads to the new DAO Squads.

Pool address: 2WNhaB6TPyZ3ynJjAUM4ZZ1Hdeep8FJ3A76FjGjTVjjS

New DAO address: s45fTDhkzKPMFbNmUXA3bJNdF92z5cbVvHdY8LpznWQ

FutarchyAMM address: s45fTDhkzKPMFbNmUXA3bJNdF92z5cbVvHdY8LpznWQ

Why Now

As Omnipair enters its post-launch phase, this migration aligns our liquidity and governance with the most up-to-date infrastructure and ensures efficient decision-making going forward.