Proposal to set up a CTX trading pool on Uniswap and Aerodrome on Base

Dear Community Members,

The Cryptex DAO proposes to establish a CTX trading pool on Uniswap and Aerodrome, specifically on the Base network. This proposal aims to address the community’s request for a decentralized exchange for CTX and enhance liquidity within the Cryptex ecosystem.

Problem Statement:
The Cryptex community has expressed a strong interest in having a CTX trading pool on a decentralized exchange, specifically on Uniswap and Aerodrome on the Base network. The current low liquidity on Sushiswap (on Ethereum mainnet), combined with the anticipated rise in Ethereum transaction fees, presents an opportune time to establish a presence on a Layer 2 (L2) solution like Base, where activity is growing.

Proposed Solution:
To address this issue, the Cryptex DAO proposes the establishment of a CTX trading pool on Uniswap and Aerodrome on the Base network. The process will involve the following steps:

Utilize 50,000 CTX from the DAO treasury.
Programmatically sell 50,000 CTX for USDC using market makers to achieve this.
After the DAO has enough USDC, use additional CTX from the treasury to match the pool (50%/50%) to seed both sides of the pool (CTX and USDC).
The new Cryptex Sub DAO (to be established) will launch the CTX/USDC trading pool on Uniswap and Aerodrome on the Base network and manage the liquidity in the future.
More info about the Cryptex Sub DAO: Create a Cryptex Sub DAO to manage liquidity provision

Benefits:
Setting up a CTX trading pool on Uniswap and Aerodrome on the Base network will provide several benefits to the Cryptex ecosystem, including:

Increased liquidity for CTX tokens, making it easier for users to get CTX and get involved with governing the Cryptex protocol.

Conclusion:
Establishing a CTX trading pool on Uniswap and Aerodrome on the Base network will address the community’s request for a decentralized exchange for CTX and provide numerous benefits to the Cryptex ecosystem. By selling 50,000 CTX from the DAO treasury for USDC and using the funds to seed the pool, Cryptex can enhance liquidity, decentralization, and exposure within the DeFi space.

We kindly request the Cryptex community to vote on this proposal and support the establishment of a CTX trading pool on Uniswap and Aerodrome on Base.