Discussion to: IIP-62 DPI:ETH Liquidity Mining on Polygon
Created: 15 November 2021
To encourage the migration of $500k-1m of BED:ETH liquidity over to the SushiSwap Pool on the Polygon PoS Chain (formally known as MATIC).
500 INDEX rewards will be distributed over 30 days (roughly $14,000).
Using liquidity mining to attract the initial liquidity (and volume) targets of $500k-1M will unlock the ability for BED consumers to onboard cheaply via Polygon and for BED to participate in the Dharma promotion. This proposal is for a one-off allocation of INDEX rewards to seed the pool and kick-start these integrations.
The Polygon ecosystem allows low cost trades, transfers and other DeFi primitives. Having BED liquidity allows holders to make smaller trades without wasting money on gas. This means that DPI will become a cost effective purchase for many lower value holders.
Having reasonable liquidity on Polygon also unlocks a number of DeFi composability options: DEX liquidity mining / yield farming / use as collateral etc.
The proposed liquidity mining is planned to start in November.
To transfer 500 INDEX tokens to SUSHIswap Devs to use as liquidity mining rewards on polygon These (in the form of INDEX or the nominal equivalent in SUSHI) will be allocated to a BED:ETH on the SushiSwap pool on the Polygon PoS Chain for a period of 30 days
- To allocate 500 INDEX as specified for liquidity mining BED:ETH on Polygon.
- No liquidity rewards for Sushiswap on Polygon.