Umami DAO Uniswap USDs liquidity incentive partnership

Liquidity-Mining

Author(s): Umami DAO core contributors

Created: 2/15/24

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:

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

No: Reject the proposal

  • Yes
  • No
0 voters
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