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 SushiSwap pool from the Ecosystem Fund every week for 4 weeks via DR.OPIUM mechanism (see details ). That means 300’000 $OPIUM tokens will be distributed during 4 week period.
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.
In March we proposed to keep and increase rewards for 1inch and to give rewards to SushiSwap. Rewards will be distributed for providing liquidity to AMM pools ETH-OPIUM.
We liked the initiative and decided to propose token holders to support this initiative (via voting) as an experiment.
TODO
- Distribute 75’000
$OPIUMtokens as rewards for staking in AMM ETH-OPIUM pair every week for 4 weeks
Executors
- Opium Team
- For
- Against
0 voters
UPDATE
We have created a signalling vote to support liquidity mining program of 1inch and SushiSwap