Its been a pain to pay two gas fee to buy or sell SHARE.
To get best rates for buying/selling SHARE one needs to do the following:
for buying SHARE from USDC
for selling SHARE for USDC
USDC is just an example.
So one need to pay gas twice to get best rates.
Considering high cost of gas, its double expensive for small investors to get SHARE.
Remove liquidity from SHARE-USD pool and improve liquidity of SHARE-ETH pool.
- pay less fee for buying or selling SHARE.
- with more liqudity on SHARE-ETH pool burning USD will be efficient. see: [Proposal] Remove SHARE-USD pool to improve USD burning efficiency
- Liquidity for SHARE goes down initially.
SHARE-USD pool is not used by uniswap directly. Liquidity in this pool are created by protocol (so its coming out of thin air). may be thats the reason its not being used by uniswap.
@Robert said anyone can create SHARE-USD pool as creating pool is permissionless in uniswap. so i said let them create it as for creating a pool they need to buy our tokens. it helps if others buy tokens to provide liquidity. i think no one will create a pool if its not used by uniswap.
@Robert said This pool is used for calculating SHARE price and he said he can use SHARE-ETH pool to calculate the SHARE price if this pool is removed.
@Robert said this pool is immutable. but as i know liquidity from that pool was adjusted recently so removing liquidity from that pool is possible. so i suggested that we remove it and try improving liquidity on SHARE-ETH pool and see how that works out. if it does not work well then he can put the liquidity back to SHARE-USD pool.