It has been four months since the implementation of MIP-17. The on-chain liquidity of MNDE is only 300k with a 1% trading fee, while the competing project JTO has 1m liquidity and a 0.3% trading fee. The main reason is that the MNDE-MSOL liquidity pool is set with a 1% trading tax and insufficient liquidity injection.
Therefore, the following proposals are suggested:
The DAO shall disburse MSOL worth 500k USD (or other reasonable amounts), half of which shall be used to purchase MNDE from the market. The original 1% liquidity pool shall be dissolved, and both assets shall be deployed into a new liquidity pool with a 0.3% trading fee, so as to solve the problems of insufficient liquidity and excessively high trading fees.
There may be short-term losses, but in the long run, MNDE is significantly undervalued at the current price level, with a low probability of losses.