# PROPOSED: IIP-106: BED:ETH Liquidity Mining on Polygon **URL:** \ **Category:** Proposal\ **Tags:** IIP\ **Created:** [15 November 2021 18:03 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211 "2021-11-15T18:03:21Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![LemonadeAlpha](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/lemonadealpha/32/2481_2.png) [@LemonadeAlpha](https://gov.indexcoop.com/u/LemonadeAlpha)\ **Post date:** [15 November 2021 18:03 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211/1 "2021-11-15T18:03:21Z")
**Status:** Proposed **Author:** @lemonade **Discussion to:** [IIP-62 DPI:ETH Liquidity Mining on Polygon](https://gov.indexcoop.com/t/iip-62-dpi-eth-liquidity-mining-on-polygon/2185) **Created:** 15 November 2021 ## Simple Summary 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). ## Abstract 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. ## Motivation 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. ## Specification 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 **FOR** - To allocate 500 INDEX as specified for liquidity mining BED:ETH on Polygon. **AGAINST** - No liquidity rewards for Sushiswap on Polygon. ---
**Author:** ![Static121](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/static121/32/4012_2.png) [@Static121](https://gov.indexcoop.com/u/Static121)\ **Post date:** [15 November 2021 20:09 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211/2 "2021-11-15T20:09:05Z")
I am FOR this. We are in _serious_ need of cheaper, easier methods for customers to purchase our products. Polygon liquidity is a must and this spend seems more than reasonable. Let’s do it. Thanks for putting this together, LA ---
**Author:** ![LemonadeAlpha](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/lemonadealpha/32/2481_2.png) [@LemonadeAlpha](https://gov.indexcoop.com/u/LemonadeAlpha)\ **Post date:** [16 November 2021 19:45 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211/3 "2021-11-16T19:45:44Z")
@mel.eth could we please assign this an IIP number and get this vote scheduled to begin this week? ---
**Author:** ![mel.eth](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mel.eth/32/3539_2.png) [@mel.eth](https://gov.indexcoop.com/u/mel.eth)\ **Post date:** [16 November 2021 22:26 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211/4 "2021-11-16T22:26:22Z")
> [@LemonadeAlpha](#): > > **Note:** This draft IIP has been prepared before all the details have been finalised. It is possible that deployment via a Sushiswap staking contract may not be possible in the way specified. As a consequence, edits to this proposal may be required before submission for snapshot vote. @LemonadeAlpha - IIP-106 is assigned. This post is still a DRAFT and you are free to make changes. Process guidance can be found [here](https://docs.indexcoop.com/community/governance/index-improvement-proposals-iips/iip-step-by-step). Given that no changes can be made once there is a call for vote, please tag any relevant inputs and finalize the proposal before making the call. Once the text is finalized and you call for a vote, the status will be changed from DRAFT to PROPOSED and there is a 48 waiting/discussion period before the snapshot vote can be scheduled. I would recommend that you call for the vote to start on a Monday given the higher rate of quorum failure on votes that span a weekend. Any questions please drop them here or reach out directly; thanks. ---
**Author:** ![TheYoungCrews](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/theyoungcrews/32/943_2.png) [@TheYoungCrews](https://gov.indexcoop.com/u/TheYoungCrews)\ **Post date:** [22 November 2021 01:48 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211/5 "2021-11-22T01:48:49Z")
@LemonadeAlpha any edits or can we go ahead & vote on this? can this go live Monday if no edits were made @mel.eth ? ---
**Author:** ![mel.eth](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mel.eth/32/3539_2.png) [@mel.eth](https://gov.indexcoop.com/u/mel.eth)\ **Post date:** [22 November 2021 20:03 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211/6 "2021-11-22T20:03:23Z")
Per DM from @LemonadeAlpha this proposal is considered finalized and by way of this note the status is changing from DRAFT to PROPOSED per guidelines found [here](https://docs.indexcoop.com/community/governance/index-improvement-proposals-iips/iip-step-by-step). Following the 48-hour discussion period, pending no changes to the proposal, the author may call for a snapshot vote by tagging myself and @sixtykeys, and noting the preferred start-time for the 72-hour voting-period. If time is of the essence please reach out and we will coordinate. ---
**Author:** ![sixtykeys](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/sixtykeys/32/3632_2.png) [@sixtykeys](https://gov.indexcoop.com/u/sixtykeys)\ **Post date:** [6 December 2021 17:10 UTC](https://gov.indexcoop.com/t/proposed-iip-106-bed-eth-liquidity-mining-on-polygon/3211/7 "2021-12-06T17:10:07Z")
Agree with Static on this, we desperately need to migrate to Polygon, it’s becoming harder and harder recommending our products when gas is so high. Whales and large holders will continue to thrive on mainnet, but retail and smaller holders will greatly benefit from being able to purchase all of our products on Polygon, with BED being one of the easiest to recommend.