# VDP-145 Sell $SAFE for ETH

**URL:** <https://gov.vitadao.com/t/vdp-145-sell-safe-for-eth/1645>\
**Category:** Proposals\
**Created:** [April 17, 2024, 1:14pm UTC](https://gov.vitadao.com/t/vdp-145-sell-safe-for-eth/1645 "2024-04-17T13:14:44Z")\
**Posts on this page:** 4\
**Page:** 1

<div class="post-metadata">

**Author:** ![vincent](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/vincent/32/93_2.png) [@vincent](https://gov.vitadao.com/u/vincent)\
**Post date:** [April 17, 2024, 1:14pm UTC](https://gov.vitadao.com/t/vdp-145-sell-safe-for-eth/1645/1 "2024-04-17T13:14:44Z")

</div>

# ! Disclaimer !

$VITA is strictly a governance token.

# Summary

**Convert airdropped SAFE tokens into ETH to boost liquidity for ETH\<\>VITA pairs on Ethereum mainnet.**  
This proposal aims to convert SAFE tokens VitaDAO receives upon unlocking and use the proceeds to incentivize liquidity on aura.finance, to incentivize liquidity for VITA.

# Relevance to Strategic Plan

This supports VitaDAO’s objective to improve liquidity, critical for enabling active governance and operational efficiency in the ecosystem.

# Budget

No additional funds are requested. Funding will come from the sale of SAFE tokens, approximately 22.600 SAFE tokens, which are gradually unlocking.

# Specification

**Project Lead:** The Multi-sig signers will execute this initiative

**Description:** The project will:

- Sell unlocked SAFE tokens in a phased approach, once it unlocks.
- Convert proceeds to ETH.
- Use ETH to bribe liq incentives on aura.finance.

# Implementation

**Success Metrics:**

- Increased liquidity
- Improved governance engagement due to making involvement easier.

_Poll ([view on site](https://gov.vitadao.com/t/vdp-145-sell-safe-for-eth/1645/1))_

---

<div class="post-metadata">

**Author:** ![bowtiedshrike](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/bowtiedshrike/32/227_2.png) [@bowtiedshrike](https://gov.vitadao.com/u/bowtiedshrike)\
**Post date:** [April 19, 2024, 12:58am UTC](https://gov.vitadao.com/t/vdp-145-sell-safe-for-eth/1645/2 "2024-04-19T00:58:15Z")

</div>

Dumping some of these random tokens is great.

But why aura.finance? Why not hold the Eth and use for operations/new projects?

---

<div class="post-metadata">

**Author:** ![vincent](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/vincent/32/93_2.png) [@vincent](https://gov.vitadao.com/u/vincent)\
**Post date:** [April 19, 2024, 7:25pm UTC](https://gov.vitadao.com/t/vdp-145-sell-safe-for-eth/1645/3 "2024-04-19T19:25:05Z")

</div>

The goal would be to deepen Vita\<\>ETH liquidity, and the DAO would earn those rewards back partially as liq provider

---

<div class="post-metadata">

**Author:** ![clarck7](https://dub1.discourse-cdn.com/flex017/user_avatar/gov.vitadao.com/clarck7/32/346_2.png) [@clarck7](https://gov.vitadao.com/u/clarck7)\
**Post date:** [April 22, 2024, 12:52pm UTC](https://gov.vitadao.com/t/vdp-145-sell-safe-for-eth/1645/5 "2024-04-22T12:52:51Z")

</div>

I’m curious about how much liquidity is needed and why we need the additional liquidity at the moment. THX.