Gas Fee Refunds for Conversions onto Xdai Chain.
Proposal description: I believe one of the largest hinderances to conversion onto the xDai chain is the initial gas fees on the Ethereum mainnet. I propose that we refund the initial gas fees when onboarding onto the xdai chain (a 50-80% refund) in the form of Honey or the form of Agave token. This of course would only be applicable for a short term while the ecosystem is growing. After a set period of time, or after the liquidity pools are large enough (say $500 million total liquidity) we could end the gas refunds or partial gas refunds.
An accurate and detailed description of what you are proposing
Gas refunds will be sent to the xDai chain users wallet after conversion of an erc20 asset onto the xdai chain. This could be applicable to users that convert from the Binance chain as well.
Detailed rationale for why this proposal exists and should matter to HNY holders, the 1Hive community, and/or DAO ecosystem The rationale behind this proposal is that many users are hesitant to convert their assets to the xdai chain. An incentive for them to convert onto the xDai chain (with only a partial refund so it is not abused) would give users an extra push to convert their current assets onto the xDai chain and into Honeyswap.
Expected duration or delivery date (if applicable):
How long do you think it will take to deliver on your proposal
Team Information (For Funding Proposals)
Names, usernames, and/or relevant social links for team members (Twitter, Github, 1Hive Forum, etc.):
Skills and previous experience in related or similar work:
What are some of your skills or related experience that might help inform HNY holders about your ability to execute on your proposal I own several pawnshops and have experience in business management. I am not well versed on programming.
Funding Information (For Funding Proposals)
Amount of HNY requested: Funding would need to be discussed among the team, we could mathematically figure out how much gas would be required to move 500 million in liquidity in average transaction amounts.
Ethereum address where funds shall be transferred:
More detailed description of how funds will be handled and used: