HNY - BRIGHT liquidity incentives on honeyswap?

🌿 Proposals
#1

It would be great to have a HNY - BRIGHT liquidity incentive.

Here is the forum discussion in the BrightID forum:

At this moment HNY/BRIGHT price is about 500 BRIGHT for 1 honey, so my proposal would be to have for 12 weeks:
20 HNY per week
10.000 bright per week

For a total 240 HNY and 120k BRIGHT

What do you think ?

5 Likes
#2

I agree with this. It’d be great to have the FARM back but on the other side, if the farm gets restarted. Won’t people dump their rewards back into the market?

#3

This is a fantastic investment that appears to be paying off. I’m hoping that the farms will be reopened. Thankful @freiheit

#4

These exact numbers look good to me and I would vote in favor of this proposal.

#5

I just posted this in the Bright DAO forum:

I’d rather see Bright DAO and 1Hive share DAO-owned liquidity for BRIGHT<>HNY, like how 1Hive did with Shapeshift proposed by @Monstrosity: An Opportunity to Partner two Communities and Strengthen the 1hive Treasury - :herb: Proposals - 1Hive

Advantages of this route:

  • DAO-owned liquidity lasts longer than incentivized liquidity.
  • Strengthens the friendship between Bright DAO and 1Hive - both communities are incentivized to act in each other’s interest.
  • Shared liquidity acts as treasury diversification for both DAOs.
  • LP rewards are often sold, hurting token price.

But let’s do a poll!

  • Incentivize BRIGHT<>HNY liquidity with rewards
  • Split DAO-owned liquidity b/w Bright DAO and 1Hive
  • Do Nothing

0 voters

3 Likes
#6

I agree and hope the farm will be redeveloped

#8

Nice :slightly_smiling_face:

Putting together a proposal for DAO-owned liquidity for $1M in the HNY<>BRIGHT LP, shared 50/50 between 1Hive and Bright DAO. We’ll use a 4 of 6 Gnosis multisig to add the liquidity, with 3 Bright DAO members and 3 1Hivers on the safe.

Bright DAO:
@UBIpromoter
@Fluchtzwerg
@TripleSpeeder

1Hive:
@Monstrosity
@twells
@paul

3 Likes