As we originally announced in the ApeSwap Polygon Migration article, we currently allocate 1 BANANA per block (out of a total of 10) to Polygon for farming rewards. In this proposal we are proposing increasing the Polygon allocation.

Option 1: No Change

No change occurs. The proportion of rewards between BSC and Polygon stay as they are currently set. That is, 9 BANANA per block incentivizing BSC liquidity and 1 BANANA per block incentivizing Polygon liquidity.

Option 2: 1 Additional $BANANA per Block (2 / Block Total)

The amount of BANANA per block allocated to Polygon farming would increase by 1 unit to a total of 2 BANANA per block. All 2 BANANA per block would be allocated to incentivize various LPs to increase the TVL and DEX liquidity for ApeSwap on Polygon.

Context / Resources

This extra BANANA allocation is beneficial for the continuation of ApeSwap’s expansion into Polygon, as the current liquidity is only a fraction of that on BSC. With the current status of BANANA, our daily “rewarding power” has increased over the last month, which could be used most effectively to support new trading pairs existing on Polygon.

After an initial market analysis on the Polygon network, we discovered a considerable amount of tokens with high trading potential that we would be willing to support liquidity for, with a specific-shortlist of roughly 20 projects. Upon a successful vote of this proposal, the ApeSwap team would finalize this analysis to see how the new Polygon BANANA would be most effectively utilized.

To further clarify, to capitalize on the Polygon network growth and corresponding collaboration opportunities, we must increase our commitment by further equalizing rewards to this blockchain.

Discussion

Have questions, comments, or concerns about this proposal? Feel free to weigh in on the ApeSwap Official Reddit Thread!

https://www.reddit.com/r/Apeswap/comments/p5myp6/official_discussion_thread_apeswap_governance/