Per BIP 74:
The long-term goal with managing the liquidity is to have at least (-50%; 0%) price range covered at all times.
After the recent price drop, the current liquidity for BADGER only covers a 30% price drop, so we need to deploy another range. The next range has the following parameters:
- Lower bound price: 390 sats
- Higher bound price: 780 sats
- BTC to deposit: 14.43
There isn’t enough unallocated BTC available in the wallet, so to fill the gap, I propose the following actions:
- Sell the Treasury eBTC surplus (2.74 eBTC)
- Withdraw 2.82 WBTC from the 0.92-0.99 range
- Withdraw the rest of the required amount from the 0.99-1.00 range (has 10.71 WBTC)
