Honeycomb liquidity incentives xBRICK-WXDAI pool
Honeycomb liquidity incentives xBRICK-HNY pool
This proposal will fund the two (most) active xBRICK pools:
- ““Brick” Mike Daison” pool * that holds the
xBRICK-WXDAIpair with 150 HNY
- “Honey Glazed Brick” pool that holds the
xBRICK-HNYpair with 100 HNY
(* “Brick” Mike Daison is a play on “Iron” Mike Tyson)
Proposal links :
note: I’ve taken into account the popularity of Fortnite and its subreddit, and the fact that Honeyswap is the one and only place to buy or sell xBRICK tokens. The results for Reddit’s scaling competition will be announced soon and xDai’s success putting Moons and Bricks on the blockchain will be one of the bigger storylines.
I am using the “Ether Eucalyptus” pool that holds the HNY/ETH pair as a tool for comparison. This pair is set to be approved for 100 HNY in about 28 hours.
The xBRICK/WXDAI pair tops the Ether Eucalyptus pair with 7x in volume, but it is slightly lower in liquidity. The xBRICK/HNY pair has low liquidity compared to the HNY/ETH pair and is roughly equal in volume. With the HNY/ETH pair set to be approved for 100 HNY, I believe it is reasonable to request an allocation of 150 HNY for the xBRICK/WXDAI pair and 100 HNY for the xBRICK/HNY pair.
Also, on a more general note:
Liquidity incentives have proved to be an excellent tool to attract more participants to a network and grow the liquidity of assets involved. For the 1hive community and the Honey token the incentives play a key role to keep experimenting with circular economies. Honeyswap success is coupled to the Honey economy as a portion of every swap fee flows back to the common pool to fund further community proposals.
The proposal will fund each pool for the first month. The continuity of the farming program will depend on further proposals to pass in conviction voting.
Team Information (For Funding Proposals)
This is a proposal by rearnakedbloke (Discord/Discourse).
Skills and previous experience in related or similar work:
Funding Information (For Funding Proposals)
Amount of HNY requested: 250 HNY
Ethereum addresses where funds shall be transferred:
0x3E02a694eE8d624A40c28b8E2c61C8227118507c - 150 HNY
0x5A5751d26b86bbaE952c5b4Bd2554806DE838363 - 100 HNY
More detailed description of how funds will be handled and used: The funds will be sent to the
UnipoolBalanceProxy contract for the specific pool. Afterwards HNY will start being distributed to staked LPs on every block. LPs can claim their farmed HNY through hny.farm .