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Referendum#580
Discussion#2216

StellaSwap Incentive Program

Mixo_StellaSwap
a year ago
treasury

Proponent Address: 126AevKcm3RXJazGQWKYwtRvpjMmCBGV5W6LWeWLEc17YQ2n

Requested Amount: 1,000,000 DOT

Date: 07-03-24

Short Description: Liquidity incentive program to attract liquidity and users into the Polkadot ecosystem and deepen market depth to kickstart flywheel effects to the rest of the network.

Summary

  • Primary Goal: Grow DeFi Activity (active users, transactions, TVL) on Polkadot

  • Project Description: StellaSwap is a highly-efficient, integrated DEX that features a standard, stable and concentrated liquidity AMM to facilitate the most optimal price discovery for assets on Polkadot

  • Requested DOT Grant Amount: 1,000,000 DOT

  • Use of Grant: The ecosystem grant will be used to grow & deepen the market depth of strategic assets for widespread utility across the Polkadot ecosystem. The effectiveness of grants via StellaSwap can be quantified via our efficiency rate, which multiples the market depth beyond our target TVL goal

  • Motivation for Grant Amount: Liquidity depth is a necessary requirement for a robust and efficient marketplace that powers the ecosystem. StellaSwap accounts for the highest trading volume in Polkadot - both cumulative & daily - and DOT grants will foster much deeper liquidity for users and help accelerate the DeFi flywheel effect by increasing network activity and exposure

Full Proposal doc Here

Comments (27)

a year ago

Hello stellaswap team, I am one of the regular users of your DEX and I am happy that you submitted this proposal to Polkadot OpenGov to increase the TVL of Stellaswap, it makes users like me really comfortable when trading. My personal opinion is as follows:

  • increase the liquidity incentive period to 12 months and double the initial amount of DOT requested to 1.2M
  • Contact the relevant parachains urging them to boost their native tokens into the pools. If they do not agree, Stella should not boost the liquidity pools of their native tokens
  • Stellaswap should promote other LSD products of other parachains such as Bifrost, Acala instead of only promoting its own LSD products
  • And when there is no native BTC of the Polkadot ecosystem like iBTC, it's a real shortcoming. I really don't feel secure when using Wormhole's wBTC. I think you should not encourage liquidity for wETH and wBTC pools, instead you should save that amount of DOT to increase TVL for Snowbridge's wETH, wDAI pools
  • Add Bifrost's BNC-DOT pool and Centrifuge's CFG-DOT pool as they are one of the most active parachains of the ecosystem.
    I appreciate what the Stellaswap team has done for our ecosystem!

a year ago

Who on the Stellaswap team is full-time on the project? How much of their income comes from revenue generated by the protocol vs grants like these?

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    Polkassembly - StellaSwap Incentive Program #2216