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

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Sperax by 0xf005329d4E8CD0D4f908542289Fca04960AB49FF on
February 13, 2023, 6:52 PM

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.

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
February 13, 2023
6:52 PM
end
February 16, 2023
6:52 PM

Voting type
single-choice
Votes
468,414,330

Final Votes
closed

Yes
468.4M veSPA
99.99%
No
52.5K veSPA
0.01%