SIP-31: Reduce the fee for launching farms with Sperax Demeter protocol

Author: Core Team Reference: Demeter dapp, Demeter protocol docs Created: January, 25th, 2023 Labels: #Product-Features

Simple Summary

The proposed change will decrease one-time entry fee paid by projects/DAOs launching their farms with Demeter protocol.

Abstract

The proposal sets the fee for a launch of Demeter farms at the level of $50 for farms launched against USDs or SPA and $100 for farms launched against other tokens.

Motivation

The proposed change will decrease the entry barrier for new projects - in comparison to the current fee level - $100 for a farm launched against USDs or SPA and $500 for a farm is launched against other tokens. At the same time, the new fee for launching a farm against USDs or SPA stays less than the fee for launching a farm against non-Sperax tokens.

Overview

Demeter is a protocol developed by Sperax, it is an element of the Farming-As-A-Service infrastructure that helps DAOs to launch and manage decentralized exchange liquidity on Uniswap v3 in a low code/no code manner.

Since its inception on November 2022, 12 farms have been launched with Demeter, including:

6 farms launched by Demeter Genesis partners seeding the partners’ tokens against USDs, these farms emit rewards both in partners’ tokens and SPA (2 of those farms were reopen with new parameters). 3 farms launched by Sperax 1 farm launched by a non-partnering project that emitted only the project’s rewards, but not SPA. The proposal is to change the one-time launch fees from

the current levels:

$100 for farms launched against USDs or SPA $500 for farms launched against other tokens to proposed new fee levels:

$50 for farms launched against USDs or SPA $100 for farms launched against other tokens

This will facilitate access of DAOs to the Demeter services, including those DAOs that potentially might launch farms against tokens other than SPA or USDs. At the same time, the fees for launching farms against USDs or SPA stay more favorable.

Technical Specification

Set one-time Demeter farm launch fee at the level of:

$50 for farms launched against USDs or SPA $100 for farms launched against other tokens

Voting

Yes: Set one-time Demeter farm launch fee at the level of $50 for farms launched against USDs or SPA and $100 for farms launched against other tokens.

No: Keep the current fees unchanged.

start

February 13, 2023

6:52 PM

end

February 16, 2023

6:52 PM

Voting

off-chain

Voting type

single-choice

Voters

9,033

Votes

468,414,330

Final Votes

closed

Yes

468.4M veSPA

99.99%

52.5K veSPA

0.01%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

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