Proposal: extension of 1inch and SushiSwap AMM pools

Summary

We propose that the 1inch liquidity mining program and SushiSwap liquidity mining program participants will be rewarded with 50’000 $OPIUM tokens for 1inch pool and 25’000 $OPIUM tokens for the SushiSwap pool from the Ecosystem Fund every week via DR.OPIUM mechanism (see details).

Rationale

1inch is a DEX aggregator that combines liquidity from major DEXes. 1inch achieves the lowest slippage by splitting orders among multiple DEXes in one transaction and bridges the liquidity if a specific trading pair lacks liquidity in all DEXes.

SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. The SushiSwap protocol realigns incentives for network participants by introducing revenue sharing and forum-driven network efforts to the popular AMM model.

We propose to keep rewards for 1inch and SushiSwap. Rewards will be distributed for providing liquidity to AMM pools ETH-OPIUM pair.

We noticed high liquidity and positive feedback on both liquidity mining programs, thus we decided to make them without an end date.

TODO

  • Distribute 75’000 $OPIUM tokens as rewards for staking in AMM ETH-OPIUM pair on a weekly basis

Executors

  • Opium Team

UPDATE
We created a signalling voting to allow $OPIUM, $wOPIUM and 1inch ETH-OPIUM LP tokens holder to approve this proposal with their voting power:
https://signal.opium.network/#/opiumprotocol.eth/proposal/Qmd1JmmoPo6zJYiDG9SwVv7nn59A8JnLibRhXQJcNvadMW

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