Should GnosisDAO pass a Proposal to Mirror and Complete the Already Passed Rewards for Swapr xDai Proposal?
Excited to be one of the first proposals to GnosisDAO following the merge.
The goal of this proposal is to mirror the details of the Proposal: Collaboration between DXdao/Swapr and xDai/Stake Communities from early November that already passed via Snapshot vote in the xDai/STAKE community, and to request the incentives in GNO instead of STAKE.
The Proposal from early November was discussed in the community and was passed via Snapshot vote with a voting period from 15-Nov-21 through 21-Nov-21 seen here:
The proposal easily passed.
Not for the lack of trying, due to all the moving parts with the merger of STAKE and GNO and the swap contract, the allocation of STAKE rewards was delayed a couple times and no STAKE rewards were sent to be used as incentives on xDai Swapr.
This proposal will ask for the $200k of STAKE rewards to now be sent as GNO.
At the current price of GNO of $460, this would be 434.78 GNO of pre-agreed incentives.
Swapr on xDai has an ongoing liquidity mining program that comes in two week Epochs, sometimes combining Epochs. There have already been some interesting community discussions around where and how to leverage the GNO rewards on Swapr and also using Carrot, the smarter next generation of liquidity incentives.
Some of the initial pairs for rewards would be:
Attracting capital from mainnet and other side chains to Swapr on Gnosis Chain is the goal of distributing these rewards. Some additional discussions have focused on tokens such as TORN, PUSH, FOX and others and attracting this mainnet capital into the Gnosis Chain ecosystem.
The “Benefits to the xDai community” in the prior proposal remain the same, but now it’s for the Gnosis Chain (formerly xDai) community.
This is also an open call to the GnosisDAO community to propose ideas for GNO incentives on xDai Swapr.
If you have any ideas, please share them here or in DXdao’s Swapr discord.
Request GnosisDAO community to send 437.78 GNO to DXdao to be used in Multi-reward farms on Swapr xDai over a 4 Epochs (8 weeks) period.
Details of DXdao Avatar on Gnosis/xDai Chain: 0xe716EC63C5673B3a4732D22909b38d779fa47c3F