Proposal Information
Fund the wBTC - xDAI farm.
- 100HNY
- 125HNY
- 150HNY
0 voters
To keep things simple the wBTC - xDAI HNY rewards would start at the same time as the wETH/xDAI HNY rewards proposal.
Proposal Rationale
As mentioned here, atm many people are priced out of self sovereign BTC or ETH . This looks like:
- Custodial exchanges: Low fees, but not your keys.
- Decentralized exchanges: High fees, but you own your keys.
With HoneySwap people can get started with very small amounts of capital. This allows people to get into cryptocurrencies without having to choose between trusting a centralised operator or paying high fees. For some people this might remove a concrete blocker, whereas for others it might reduce the pain of paying and drive more activity. Regardless, HoneySwap makes it easier to get into cryptocurrencies, which is good for the world and good for HNY.
For many people BTC and ETH are often the first tokens they want to hold. From there they might want to explore community currencies like HNY. In addition, many tokens that list on HoneySwap will want a trading pair with more well known assets such as wBTC and wETH (in addition to HNY pairs). This requires wBTC and wETH liquidity on HoneySwap in the first place. As such, I’d like to see support for wETH and wBTC pairs.
Expected duration or delivery date (if applicable):
Funding the farm for 1 month.
Ethereum address where funds shall be transferred:
0x8db8870ca4b8ac188c4d1a014f34a381ae27e1c2
Farm Link: https://hny.farm/farms/WBTC-WXDAI%20UNI-V2%20LP
FTR wBTC isn’t exactly 100% self sovereign, but it’s conceptually simple (wETH and wBTC). The main goal of this proposal is to help more people to get into crypto assets without centralized exchanges while also supporting overall HoneySwap liquidity. If there’s a better BTC on Ethereum token (or trading pair) that we could/should support please share!