Summary
We propose to launch a new Liquidity Mining program at QuickSwap on MATIC Network Mainnet and support it with 5’000 $OPIUM weekly rewards. Simultaneously, we propose decreasing rewards for the Liquidity Mining program on BSC version on 1inch to 5’000 $OPIUM per week. We propose that the participants will be rewarded from the Ecosystem Fund at the end of the month via the DR.OPIUM mechanism (see details 23).
Rationale
Due to the high demand for layer 2 solutions, we propose launching the Liquidity Mining program on QuickSwap ETH<>OPIUM pair. QuickSwap is a fork of Automated Market Makers’ originator in the now rapidly expanding DeFi sector of the Cryptocurrency industry, Uniswap working on Polygon (previously MATIC) Network Mainnet. Matic Network is essentially a layer-2 scaling solution with side-chains for off-chain computation while simultaneously asset security via the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. The project promises to offer scalable and rapid blockchain transactions at a minimal cost.
Also, following community comments on previously proposed rewards, we are proposing to decrease rewards on BSC version of 1inch Exchange to 5’000 $OPIUM tokens per week after the first experimental week.
TODO
- Launch Liquidity Mining program on QuickSwap with 5’000
$OPIUMtokens for the first experimental week - Decrease rewards for the next week of Liquidity Mining program on BSC version of 1inch Exchange to 5’000
$OPIUMtokens per week
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