Hi everyone, With the recent launch of xMark, we can all finally stake our $MARK tokens individually for rewards. Not only will this allow people to compound their The Press earnings, but also allow users to gain rewards without exposing themselves to impermanent loss.
Although the dual token model is a great way of rewarding early investors with farming rewards, it is still limiting for new and smaller investors via GAS costs. If an investor want's to put $100 into $MARK and start earning rewards, they have to pay the uniswap, approval for staking, and staking gas. This can potentially be anywhere from $5-50 which represents 5-50% of the initial investment.
To counteract the ever-increasing gas costs and simplify the staking process, I'm suggesting creating an incentivized Liquidity pool for Eth-xMark so that new investors can trade directly into the $MARK staking pool, avoiding the multiple transactions otherwise needed.
Incentives would not need to be great for this pool, as xMARK is constantly accruing value through staking but enough to counterweigh impermanent loss.
Let me know what you guys think. :)