Proposal description: After a delay of two weeks as it was explained on the last blog post. The time has come to kickstart the liquidity incentives that will run on the Honeycomb website under hny.farm
This proposal will fund the first three pools:
- “Dai Daisies” pool that holds the
HNY-WXDAIpair with 300 HNY
- “STAKE Sunflower” pool that holds the
HNY-STAKEpair with 200 HNY
- “Ether Eucalyptus” pool that holds the
WETH-HNYpair with 100 HNY
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…
This proposal is a collaboration between the seed members.
Amount of HNY requested: 600 HNY
Ethereum addresses where funds shall be transferred:
0x2dF0Af12DB95f16c33f496461bB2E38B1C860227 - 300 HNY
0x745963503A6489b91F7a8ff784d286877a775D72 - 200 HNY
0x23512464529127Ec01A3422453a4416e6b569984 - 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.