The Foundation is taking the following actions:
1. Increase Token Reserves: Increasing FUEL token reserves for the ecosystem fund
- The foundation will strategically acquire FUEL token over time
2. Increase Ecosystem Liquidity: Improving Ecosystem liquidity for FUEL token (i.e. Mira pools)
- The foundation has added 1m into Mira for the FUEL pair to start
3. Pause FS-Program: Pausing of FS program (i.e. FS-2)
- The FS program has not been very successful at attracting new users and liquidity at this stage, so for now this will be paused
- Note, some ecosystem projects may still choose to use their treasury to incentivize behavior
4. Shifting ecosystem grants to fiat: Moving larger ecosystem grants to fiat
- Instead of doing grants in FUEL token always, the Foundation will move toward more partial or complete grants in Fiat in the short term
5. Accelerate LST Development: Accelerating the development of LSTs (such as Rig)
- LSTs will help retain newly minted FUEL liquidity
- The original development timeline was set to 6 months. The new target delivery will be within 1-2 months.