SLP and SLP Grant FAQ
What is the SLP program?
The SLP program, or Strategic Liquidity Provision, is a mechanism designed to support price action and improve liquidity. It operates with a dual approach:
Strategic Buybacks: Buying back YAI tokens to support price stability and drive positive price action.
Optimized Liquidity: This part involves adding liquidity in a 50/50 ratio of YAI/ETH to create a robust and efficient liquidity pool
Why does the SLP program no longer buy back from DEX?
Having reached a significant milestone, we have decided to optimize our SLP strategy. Buybacks will be reduced, and we will use tokens at our disposal to add liquidity to the LP. The SLP program may be adjusted again in the near future.
What happens to the YAI tokens buybacks?
Since the achievement of a $1 million USDC milestone worth of ETH for the SLP program, the initial buyback program has been adjusted. The team is currently utilizing unlocked tokens for direct liquidity injection into the WETH/YAI pair to enhance token stability and mitigate speculation. There will be continuation of buybacks under specific circumstances at the team's discretion. Read More
Is adding more LP at this point is favorable?
As in our SLP program, our focus remains on improving token stability and reducing speculation on third-party platforms. While increasing liquidity reserves is a positive step, it will be implemented at a reduced rate following the successful achievement of the $1 million USDC milestone.
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