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Voting will be open from 11/11/22 - 11/14/22
Handle.Fi, a defi FX protocol on Arbitrum, is launching a fxUSD / USDs Demeter Farm. The Demeter Genesis structure was approved via SIP-17, Handle_Fi is requesting a SPA incentive match for their fxUSD/USDs Demeter Farm.
handle_Fi is launching a fxUSD/ USDs Demeter Farm and are planning to initially provide $4K incentives in FOREX. The passing of SIP-17 approved up to a $10k/mo SPA 1:1 match on incentives for farms paired against USDs or SPA. handleDAO is requesting the SperaxDAO match a the dollar value of FOREX token every rebalance period.
handle_Fi is seeking liquidity for fxUSD on Arbitrum. By launching a fxUSD / USDs Demeter farm, handle.Fi will have an instant liquidity solution and also take advantage of pairing against USDs to deep liquidity and receive some matching incentives. Pairing with USDs via Demeter will benefit the Sperax community by increasing USDs TVL, improving Univ3 routing for Arbitrum token pairs, and will start a partnership between fxUSD and Sperax.
Farm: fxUSD / USDs
Incentives: FOREX = equiv, 4K USD / mo
SPA match: To be rebalanced in dollar value every 2 weeks
Duration: Match guaranteed for balance of 90 days from Demeter launch unless altered via governance proposal. Demeter v2 logic will determine incentives following Demeter Genesis Campaign.
Risk Management: If the fxUSD / USDs farm goes out of price range SPA emissions will be halted until the farm is relaunched or it goes back in range.
Approve SPA Rewards and Launch fxUSD / USDs Demeter Farm
Deny SPA Rewards for fxUSD/ USDs Demeter Farm