title: COSG AMM liquidity
author: Cosmic Champs (@madshapes-dev)
discussions-to: Cosmic Champs
company_name: Cosmic Champs International Limited
focus_area: User Onboarding
$COSG token is participating in multiple AMM LP pools so that the algorand ecosystem has better incentivization on better DEX aggregators and for end users the swap quotes between algorand, COOP and META and ALC are better.
We request grant to increase the AMM liquidity. With 10k Algos received from this grant we will split it to 4 baskets - algo, COOP and META and ALC, Cosmic Champs treasury will add equal stake in $cosg tokens and will increase the liqudity in the pools.
We will increase these pools:
- COSG/Algo - 4k algo plus COSG token worth of 4k algo
- COSG/COOP - COOP worth 2k algo plus COSG token worth of 2k algo
- COSG/META - META worth 2k algo plus COSG token worth of 2k algo
- COSG/ALC - ALC token worth 2k algo plus COSG token worth of 2k algo
Liqudity will be held at the pools for minimum of 3 months.
Liquidity will not be locked in vault, as we reserve right to rebalance the the pools to express same share between assets in long run. We will create special account for this grant so that public can oversight the usage of the funds.
For the last 2 years, we have been building a p2e game on Algorand called Cosmic Champs. We are innovators in the 3d NFT space with our fully animated 3d NFTs that are used in our game and also have utility outside of the game itself (3d viewer, AR viewer).
We have a strong understanding of the NFT space, the technical specifications, and the supporting infrastructure available. This positions us well to deliver a strong product for other Algorand projects to use and benefit from.
With this grant request we will increase the liqudity of the COSG token.
very simmilar proposal as: xGov 161: VoteCoin - DAO Liquidity by scholtz · Pull Request #161 · algorandfoundation/xGov · GitHub
- Better swap prices between algorand, bitcoin, usdc and gold.
- Better marketing for COSG token
- very simmlar benefits as :xGov 161: VoteCoin - DAO Liquidity by scholtz · Pull Request #161 · algorandfoundation/xGov · GitHub
Play our game here: https://beta.cosmicchamps.com/
NFT browser + 3d view: https://nft.cosmicchamps.com/
Browse game characters: https://cards.cosmicchamps.com/
Coorporate page: https://cosmicchamps.com/