SWPR - new token emissions

Hey All,

Swapr V3 on gnosis chain is launching pretty soon in gnosis chain: https://v3.swapr.eth.limo/ and we would like to start working on the new token incentives, value creation, roadmap, governance for Swapr V3. We also would like to thank the community for patiently bearing with us during this period.

A short note on the next steps towards new SWPR emissions. As part of this, we propose to bridge 20M SWPR from mainnet to Gnosis chain.

Budget and Emissions: For the remainder of 2024, the proposed budget allocates approximately 2.5 million SWPR tokens, equivalent to roughly 50,000 SWPR per week. 50% of the fees generated from Swapr V3 will be used for buying back SWPR from the market, while the other 50% will cover operational expenses.

Swapr V3 Launch and Liquidity Mining: Swapr V3 is on the horizon, and the community seeks feedback on liquidity mining initiatives. The proposal involves kickstarting liquidity mining with the SWPR token on the following pairs for the first 2 weeks:

WETH-WXDAI (40%) - 20000 / week - 40000 sDAI-WXDAI (10%) - 5000 / week - 10000 WXDAI-USDC (10%) - 5000 / week - 10000 GNO-WXDAI (30%) - 15000 / week - 30000 EURe-sDAI (10%) - 5000 / week - 10000

Team Tokens: To recognize the efforts of the current Swapr team, 5 million SWPR tokens will be distributed vested over a year starting 12-Jan 2024. These tokens will reward the team members who have contributed to the development of Swapr V3 and facilitated integration with liquidity providers.

Boosting Liquidity: An additional 5 million SWPR will be allocated to boost liquidity in the SWPR-XDAI pool. This move aims to enable new SWPR holders to actively participate in governance decisions. Keep an eye out for an upcoming post in the next weeks on governance specifics and how it will function.

In summary, the proposed token emissions strike a balance between incentivizing liquidity providers, supporting the team, and empowering governance.

start

January 23, 2024

12:42 PM

end

January 25, 2024

11:00 AM

Voting

off-chain

Voting type

basic

Voters

691

Votes

2,453,068

Final Votes

closed

For

2.4M SWPR

99.67%

Against

3.9K SWPR

0.16%

Abstain

4.2K SWPR

0.17%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

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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%