SIP-60: Umami DAO Uniswap USDs liquidity incentive partnership

Author(s): Umami DAO Core Contributors Created: February 15, 2024 Labels: #Liquidity-mining

Summary

Umami DAO proposes launching a UMAMI-USDs farm on Uniswap v3 through Demeter allocating a portion of emissions to the pools. Additionally, there’s an extra 5% xSPA reward available to farmers on top of the standard emission rate.

Abstract

To enhance UMAMI token liquidity for traders, an incentive mechanism is essential. Incentivizing the UMAMI-USDs pool with SPA rewards will attract depositors to provide liquidity. Leveraging Uniswap’s routing capabilities, this liquidity pool will significantly improve the trading experience for users.

Motivation

The community has expressed a need for increased UMAMI token liquidity. This initiative allows the treasury to support liquidity enhancement without being the sole support source, fostering a healthier ecosystem for Umami and its treasury. It ensures the token’s price stability without over-reliance on the treasury.

Technical Specifications

Umami will initiate a UMAMI-USDs pool on Uniswap, with the treasury contributing 10,000 USDs and 10,000 UMAMI within a specified trading range. The Umami team will oversee the LP’s progress and adjust liquidity as needed.

Voting:

For: Start emissions for a Uniswap UMAMI-USDs liquidity pool.

Against: Reject the proposal

start

February 20, 2024

6:47 PM

end

February 23, 2024

6:47 PM

Voting

off-chain

Voting type

single-choice

Voters

666

Votes

209,166,158

Final Votes

closed

For

209.2M veSPA

100%

Against

6K veSPA

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%