SIP-24: Rage x Sperax Demeter Pool

Title: SIP-24: Rage Trade x Sperax Demeter

Created: November 29th, 2022

Labels: #LiquidityMining

Simple Summary

Rage Trade is building the most liquid ETH Perp and the highest yielding stablecoin farm on Arbitrum, with one of the key innovations being the use of LP tokens from external protocols into Rage.

This month, Rage plans to launch their delta neutral GMX vaults to create one of the largest stablecoin farms on Arbitrum by making GLP delta neutral and USDC denominated.

In efforts to increase utility for stakers, and to allow stakers to optimize their returns by implementing leverage options, Rage Trade has been partnering with like-minded protocols. In launching a Sperax Demeter pool, Rage plans to incentivize liquidity by providing RAGE tokens. In efforts of scaling this pool, Rage requests Sperax to match reward contributions 1:1, according to dollar value during Demeter Genesis.

Abstract

Rage Trade is looking to launch a RAGE/USDs Demeter Farm.

Motivation

Rage Trade is seeking more avenues for stakers to leverage their yield such as minting stablecoins against their LP positions. By launching a RAGE/Demeter farm, Rage will be able to deepen liquidity.

Overview

The RAGE/USDs Demeter farm will initially be incentivized with $10,000 worth of RAGE/month. Rage Trade seeks 1:1 matching in SPA.

Technical Specification

Farm: RAGE/USDs

Incentives: RAGE = $10,000 worth of RAGE/month

SPA match: 1:1 SPA match in dollar terms from the bootstrap liquidity budget. To be rebalanced in dollar value on a 7 day TWAP every 2 weeks.

Duration: Match guaranteed for balance of 90 days from Demeter launch unless altered via governance proposal.

Farm Launch Date: TBD (Depends when the RAGE token will be live)

Risk Management: If the RAGE / USDs farm goes out of price range SPA emissions will be halted until the farm is relaunched or it goes back in range.

Voting

Yes: Approve launch of RAGE/USDs Farm

No: Reject launch of RAGE/USDs Farm

start

December 14, 2022

9:47 PM

end

December 17, 2022

9:47 PM

Voting

off-chain

Voting type

single-choice

Voters

6,396

Votes

20,807,292

Final Votes

closed

Yes

19.8M veSPA

95.36%

965.7K veSPA

4.64%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%