This proposal is being prepared to fund SWPR farming on Arbitrum and Gnosis Chain. Both bases require additional SWPR to deploy their respective campaigns in the June 9th farming period.
To date, 11,692,000 SWPR has been designated under the “Liquidity incentives” umbrella:
518,000 SWPR - Send 518K SWPR to Swapr Staking Rewards Relayer
518,000 SWPR - Send 518K SWPR to xDai via Dev MultiSig
2,324,000 SWPR - Send 3 million SWPR to Multichain Multisig for xDai & Arbitrum farming, airdrops & single-sided staking (3,035,900 - 244,600 - 292,300 - 35,000 - 140,000 = 2,324,000)
280,000 SWPR - Send 280,000 SWPR to Swapr Farming Relayer for Mainnet Campaigns
1,668,000 SWPR - Send 1,668,000 SWPR to Multichain Multisig for Gnosis Chain Farming and Contingency
6,384,000 SWPR - Initial Arbitrum farming relayer funding
Total: 11,692,000 SWPR
The below proposal will request 2,240,000 SWPR for use on Arbitrum and Gnosis Chain. This represents 2.24% of the SWPR supply, 16% of the initial “liquidity incentives” allocation, and concludes the initial “liquidity incentives” budget.
Why not send enough to equal exactly 14m?
Provided this proposal passes, the final outgoing balance will be 13,932,000. The reason this isn’t being pushed an additional 68,000 SWPR is that there is accessible SWPR around from allocation shifts, and discussions to be had surrounding the use of the “unallocated fund”; for example, the single sided staking emissions. Unless a follow-up proposal authorizes the use of additional SWPR, any SWPR beyond the 14m outlined for emissions will be returned to the DXdao treasury at a later date.
Please review the below proposal content, if there are no conflicts or further questions, a funding proposal will be submitted in the next few days.
Once received, the multichain multisig will send the SWPR to the following locations in the amounts specified. 1) 1,260,000 SWPR to the multi-chain-multisig, identified as 0x9467dcFD4519287e3878C018c02f5670465a9003, on GC. This will send SWPR on an as needs basis to the Gnosis Chain Swapr farming relayer (0x3224f5E36a8EcC2782D2ffBAED7Ae3103F0Dd955) to supply upcoming non-Carrot farming on GC for Epochs 18 through 26. Carrot deployment will be done through the 9003 ms. - Epoch 18: 112000 - Epoch 19: 112000 - Epoch 20: 112000 - Epoch 21: 112000 - Epoch 22: 112000 - Epoch 23: 112000 - Epoch 24: 112000 - Epoch 25: 112000 - Epoch 26: 112000 Total: 1,008,000 SWPR This total also includes 252,000 SWPR representing 50% of the unallocated fund throughout this period. If this fund remains unutilized on GC, it will ultimately be returned to DXdao on mainnet. 2) 980,000 SWPR to the Swapr Wallet Scheme on Arbitrum One (0x3172eDDa6ff8B2b2Fa7FeD40EE1fD92F1F4dd424) to supply upcoming farming on Arbitrum One for the following Epochs. This will fund farming on Arbitrum for Epochs 20 through 26. - Epoch 20: 112000 - Epoch 21: 112000 - Epoch 22: 112000 - Epoch 23: 112000 - Epoch 24: 112000 - Epoch 25: 112000 - Epoch 26: 112000 Total: 784,000 SWPR This total also includes 196,000 SWPR representing 50% of the unallocated fund throughout this period. If this fund remains unutilized on GC, it will ultimately be returned to DXdao on mainnet.```