Cover photo

Proofs (2023 edition)

In 2023, a lot happened in the background.

The FRACTION Snapshot DAO started, giving every FRACTION Token holder the option to use their fraction of the token to vote.

Also FRACTION is now officially the first pure Superfluid SuperToken that is also a native xERC20 Token, a standard for cross chain compatibility developed by Connext. So basically the first Super-xToken :D

All of this resulted in some transactions of project owned FRACTION. Every major movement required a Snapshot proposal for transparency - and once fulfilled, a Lens Post got created that provided links to each tx.

This post serves as an on-chain log entry, providing a summary of all major transactions and proofs - to stay true to the commitment of as much transparency as possible.

(Note: Due to the shutdown of Connext V1 Router, even tho some Snapshot Proposals were successful, their fulfillment got posponed until the token could be moved between chains again. That is now possble again with the upgrade to an xERC20 Token. To prove their recent fulflllment, their tx are provided down there as well.)

Snapshot Proposal #1 - [closed]

“#001 - Theoretical possibility to become 1 again.”

Outcome: No, stay out of it.

Transactions: None.

Snapshot Proposal #2 - [closed]

“Move Symmetric liquidity to Balancer”

Outcome: For

Transactions:

Relevant link: Balancer 40% FRACTION - 40% MIVA - 20% GNO Pool

Snapshot Proposal #3 - [postponed]

“Claimed $ARB Tokens on Arbitrum”

Outcome: Split 33%/33%/33% between above

Transactions: None yet (postponed).

Reason: Low current $ARB token price at the moment and it’s better to align the price increase from re-buying with the official v2 launch.

Snapshot Proposal #4 - [partially]

“Move Quickswap liquidity to Balancer”

Outcome: For

Transactions:

  1. Move all QuickSwap LP Tokens to the new LP Account at 0xEdC69dF77123BdcCA3993b9fF89B6C09170cB0E3
    WETH:FRACTION MIVA:FRACTION USDC:FRACTION

  2. Retract liquidity from WETH:FRACTION Pool
    Approve → Withdrawal
    Returning 0.118375044878554378 UNI-V2
    for 0.371522640938522009 WETH and 0.038302376163566284 FRACTION

  3. Open FRACTION:WETH Balancer Pool and place withdrawed liquidity
    Approve WETH → Approve FRACTION → Create Pool → Fund Pool

  4. Retract liquidity from MIVA:FRACTION Pool
    Approve → Withdrawal
    Returning 45.825756949558399065 UNI-V2
    for 76247.431668602450053032 MIVA and 0.027764720428659435 FRACTION

  5. Open FRACTION:MIVA Balancer Pool and place withdrawed liquidity
    Approve MIVA → Approve FRACTION → Create Pool → Fund Pool

Why “partially”?
Because the proposal includes adding liquidity with funds from Snapshot Proposal #3, which has been postponed.

Snapshot Proposal #5 - [partially]

“Move SushiSwap (Arbitrum) liquidity to Balancer (Arbitrum)”

Outcome: For

Transactions: None yet (postponed).

  1. Move SushiSwap v2 LP Token to the new LP Account at 0xEdC69dF77123BdcCA3993b9fF89B6C09170cB0E3 (Proof)

  2. Retract liquidity from ETH:FRACTION Pool
    Approve → Withdrawal
    Returning 0.038729833462073168 SLP
    for 0.146617380962866247 WETH and 0.010245029571800385 FRACTION

  3. Open FRACTION:ETH Balancer Pool and place withdrawed liquidity
    Approve FRACTION → Create Pool → Fund Pool

Why “partially”?
Because the proposal includes adding liquidity with funds from Snapshot Proposal #3, which has been postponed.

Snapshot Proposal #6 - [closed]

“Scavenger Hunt: Move 0.08 FRACTION (8%)”

Outcome: Yes! Move it to the 8 Accounts.

Transactions:

Relevant links: Scavenger Hunt Accounts on GnosisChain

  • Account #1: 0x9cc7ca352d0e645d0b2ab80b18e776fcaa68ff3d

  • Account #2: 0x5393493f7a96dc56bd2d65133da3f9137cf29ac1

  • Account #3: 0xb550a0e056761be7757c11c1b8989b5ec7e0a494

  • Account #4: 0xf1ea6f648bfa5a04c3a73b09e11a054a884912af

  • Account #5: 0x30cec741f42acb81ddc91c4c40fe83237921599d

  • Account #6: 0x787fdd10884a0cfdcf2dd560fce57310b3c80dd6

  • Account #7: 0x37f3cacccaa02750cd4b08c4b6858441fb8290a7

  • Account #8: 0xfa777e0d1db92ca693fe0b462318dfa46c952d09

Snapshot Proposal #7 - [paused]

“xERC20 Upgrade - burn FRACTION Connext V1-Router Liquidity”

Outcome: For

Transactions:

Note:Due to limitations on the burn functions, burning of FRACTION on the new chains has been postponed until a future Superfluid Upgrade enables the option to do so. Meanwhile the retracted Connext v1 Router Liquidtiy has been added as fast-lane liquidtiy into the Connext Router:

0.975787757300367690 FRACTION on Avalanche C-Chain remain in the Parking Account until Avalanche gets supported by Connext.

  • TBD: Burned
    0.182359134637877851 xxFRACTION on GnosisChain
    0.904259012824578260 FRACTION on Polygon
    0.978509750500000000 FRACTION on Optimism
    0.979739851988406238 FRACTION on Arbitrum One
    0.975787757300367690 FRACTION on Avalanche C-Chain 0.979489648236522545 FRACTION on BNB Chain

  • TBD: Move leftover native coins to donate.fractiontoken.eth

Snapshot Proposal #8 - [closed]

“Move SushiSwap (Optimism) liquidity to Balancer (Optimism)”

Outcome: For

Transactions:

  1. Moved SushiSwap (Optimism) LP Token (SCPLP) to liquidity.fractiontoken.eth

  2. Remove SushiSwap Liquidity:
    ETH 0,127628294488252119
    FRACTION 0,011786105871192368
    Approve SCPLP → Remove Liquidtiy

  3. Create new Balancer FRACTION:ETH Pool:
    Approve FRACTION → Create Pool → Fund Pool

Snapshot Proposal #9 - [closed]

“Move SushiSwap (Avalanche) liquidity to Balancer (Avalanche)”

Outcome: For

Transactions:

  1. Moved SushiSwap (Avalanche) LP Token (SKO) to liquidity.fractiontoken.eth

  2. Remove SushiSwap Liquidity:
    12.5131908485 Wrapped AVAX (WAVAX)
    0.0080291835 FRACTION
    Approve SLP → Remove Liquidtiy

  3. Create new Balancer FRACTION:AVAX Pool
    Approve FRACTION → Create Pool → Fund Pool

Snapshot Proposal #10 - [closed]

“Bundle all LP token into one account”

Outcome: For

Transactions:

Overview of current LP Tokens holded by the project in:liquidtiy.fractiontoken.eth (0xEdC69dF77123BdcCA3993b9fF89B6C09170cB0E3)

Relevant links:

More information:

https://fraction.fyi/

https://link3.to/fraction_token

https://snapshot.org/#/fractiontoken.eth