Since the megabill is still in progress, this is a separate dedicated vote for accepting, defining and deploying PandaSwap by Bao on the Binance Smart Chain.

This bill would:

• Accept Pandaswap on BSC as part of the Bao family.
• Authorize the Bao community devs to deploy the Pandaswap farms in April (they aim to be ready as soon as next week)
• Authorize the issuing of Pandaswap farm rewards on BSC.
• Authorize the farming variables.
• Confirm, authorize and deploy the trade rewards for Pandaswap.

Details:

The Pandaswap factory contract (0x9Ad32bf5DaFe152Cbe027398219611DB4E8753B3), PNDA token (0x47DcC83a14aD53Ed1f13d3CaE8AA4115f07557C0), the BambooMaker staking program (0x4e9Bd08C7664A7F8E9ba0F06003b135060Ae548E), and Bamboo token (0x45DE240fbE2077dd3e711299538A09854FAE9c9b), the Pandaswap name, logo and Pandaswap.xyz domain would all become property of Bao's DAO. (Please note these are not to be confused with the other Pandaswap that stole our names and deployed on AVAX)

Variables:

Unlike Bao, PNDA will have a limit of 100,000,000,000 of which 250,000,000 are part of its preprint.

15% of all printed PNDA will be locked in a vault that is owned by the Bao community. This vote will authorize them to stake that PNDA as BAMBOO (xSushi equivalent) to earn rewards from Pandaswap trading.

PNDA will also have a 15% founder/team portion. It shall vest over the same multi-year period as user tokens with a 10% distribution.

Like Bao, PNDA will unlock 5% of harvested tokens. With the remaining 95% being locked. Those tokens will lock until BSC block 15513277 (327 days from the start of this vote), and will unlock in a linear fashion until block 68079942 (roughly 6 years from the time of this vote)

Any tokens earned after that start of the unlock would continue to be proportionally added the the linear distribution. Any tokens earned after the end of the distribution would be instantly unlocked.

Unlike Bao, PNDA would have a different rate distribution curve. It will have the following distribution array:

[0, 2048, 1024, 1024, 1024, 1024, 512, 512, 512, 512, 512, 512, 512, 512, 512, 256, 256, 256, 256, 256, 256, 256, 256, 256, 256, 128, 128, 128, 128, 128, 128, 128, 128, 128, 128, 128, 128, 128, 128, 128, 64, 64, 64, 64, 64, 64, 64, 64, 64, 64, 64, 128, 128, 128, 128, 128, 128, 256, 256, 256, 128, 128, 128, 128, 128, 128, 128, 128, 128, 64, 64, 64, 64, 64, 64, 64, 64, 64, 64, 64, 32, 32, 32, 32, 32, 32, 32, 32, 32, 32, 32, 32, 32, 16, 16, 16, 16, 8, 8, 8, 4, 2, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1]

This smoother curve, will result in long scale distribution, where by the 295th week of farming only 58.725B/100B PNDA will have been earned, locked and/or distributed.

This means PNDA will have meaningful reserves to continue to reward liquidity providers for new farms, new protocols and new contributions long term.

The outline graph can be seen here: https://i.imgur.com/me0O3h2.png

The proposed fees for PandaSwap include:

• A 0.75% deposit fee.
• A 100% slashing fee if a user withdraws in the same block.
• A 50% slashing fee if a user withdraws under 1 hour.
• A 25% slashing fee if a user withdraws under 1 day.
• A 12% slashing fee if a user withdraws under 3 days.
• An 8% slashing fee if a user withdraws under 5 days.
• A 4% fee if the user withdraws after 5 days but before 2 weeks.
• A 2% fee if the user withdraws after 2 weeks but before 4 weeks.
• A 0.1% fee after 4 weeks.

Bao's community of projects have always been about long term product vision. In Bao, we still saw more short term farmers than expected. As such, we've proposed to increase the penalty withdrawal curve for PNDA that should make it less profitable for short term farmers.

Lastly, swapping on BaoSwap shall carry the standard 0.3% trade fee that will be divided between LPs and users who stake their PNDA as Bamboo in the BambooMaker. Community member Gimlu has constructed a staking interface which will temporarily be used for this.

Pools:

Currently the following pools are proposed. This is their asset pair (or single asset), PID number, and then pool weight.

PNDA/Eth 0 25000 PNDA/USDC 1 25000 PNDA/BUSD 2 35000 PNDA/wBNB 3 50000 PNDA/Dai 4 25000 wBNB 5 5000 CAKE 6 10000 wBNB/ETH 7 8000 ADA/wBNB 8 1000 DOT/wBNB 9 1000 XRP/wBNB 10 750 LTC/wBNB 11 750 LINK/wBNB 12 5000 bnb/BUSD 13 10000 DOGE/wBNB 14 750 UNI/wBNB 15 100 EOS/wBNB 16 500 ATOM/wBNB 17 750 XTZ/wBNB 18 500 SNX/wBNB 19 2500 MKR/wBNB 20 3000 COMP/wBNB 21 3000 DAI/wBNB 22 2000 YFI/wBNB 23 1000 CAKE/wBNB 24 4000 NEAR/wBNB 25 4000 ONT/wBNB 26 3000 BAT/wBNB 27 1000 VAI/wBNB 28 1000 PAX/wBNB 29 1000 xvs/wBNB 30 4000 BTCB/wBNB 31 4000 UST/BUSD 32 2500 UST/wBNB 33 1000 BAND/wBNB 34 2500 SFP/wBNB 35 500 ALPHA/wBNB 36 500 SXP/wBNB 37 4000 vBTC/BTCB 38 1000 vBTC/wBNB 39 500 ANKR/wBNB 40 1000 TWT/wBNB 41 1000 LINA/wBNB 42 3000 PROM/wBNB 43 500 ELF/wBNB 44 500 MATH/wBNB 45 2000 AUTO/wBNB 46 1000 PAXG/wBNB 47 1000 PAXG/BUSD 48 500 REEF/wBNB 49 500 YFII/wBNB 50 500 CREAM/wBNB 51 500 vUSDC/BUSD 52 750 vUSDC/VAI 53 750 SPARTA/wBNB 54 750 CTK/wBNB 55 1000 BURGER/wBNB 56 1000 vBUSD/wBNB 57 750 vBUSD/BUSD 58 750 BRY/wBNB 59 1000 BRY/BUSD 60 1000 STAX/wBNB 61 500 vUSDT/wBNB 62 1000 JulD/wBNB 63 500 FOR/wBNB 64 2000 ANY/wBNB 65 500 HELMET/wBNB 66 1000 BIFI/wBNB 67 750 BTCST/wBNB 68 750 BSCEX/wBNB 69 750 UNFI/wBNB 70 1000 FUEL/wBNB 71 1000 BUX/wBNB 72 750 MDS/wBNB 73 750 EXF/wBNB 74 750 FRIES/wBNB 75 750 CBIX/wBNB 76 750 EGG/wBNB 77 750 KP3RB/wBNB 78 750 HGET/wBNB 79 1500 Bao/wBNB 80 10000 Bao/BUSD 81 10000 FRONT/wBNB 82 5000 MIR/BUSD 83 1000 LIT/wBNB 84 1000 LTO/wBNB 85 1000 MSS/wBNB 86 1000

This vote also gives the core dev team the ability to:

• Add or remove pools from this list if they face technical or liquidity challenges with an asset.
• Remove an asset from this list if the assets dev team or community is acting in bad faith.
• Adjust weights up or down freely during the first month of distribution without community vote if pools are under performing, overly skewing distribution or other problems are presented.

Community Vault:

The Bao community owns 15% of all issued PNDA tokens via a community vault on BSC. These assets will be staked as BAMBOO in the BambooMaker at the end of each week.

When the PandaSwap community holds a governance vote, a similar vote will be issued for the Bao Community. Which ever option wins the majority of Bao votes will be the vote cast by the Bao Community with their 15% of PNDA.

Since the BambooMaker system rewards PNDA tokens from the PandaSwap fees, it is likely that the Bao community vault over time will grow to own more than 15% of the circulating PNDA. When that is the case, then once per quarter, any Bao community member who meets governance thresholds may propose a vote for the Bao community to sell their excess PNDA tokens and distribute the proceeds to Bao that is staked on the mainnet. At the end of any such sale, the Bao community vault must remain holding at least 15% of all issued PNDA tokens. The community may vote to change this distribution model, but agrees to always be bound by holding at minimum 15% of PNDA.

Other notes:

Beyond this, Pandaswap shall be under the management of the Bao community which will provide it with shared efforts of advancement.

While Pandaswap is subject to its own independent governance, in this deployment Pandaswap holders will be bound by the term that they cannot split off from the Bao community for a term of at least 3 years.