BMX is ready for the main stage and nothing can push it front and center faster than juiced APRs.

Governance has been exceptionally responsible with monitoring emissions to date, having ended all native emissions. Our model has proven to excel in capital efficiency by centering around our wrapped, composable, yield-generating, auto-compounding, innovative native asset: wBLT.

BMX has demonstrated its ability to be sustainable without emissions, using 100% real yield for incentives.


BMX Classic, BMX Freestyle, and by the time this campaign would start (if passed) Based MediaX will be live, with 100% of revenue distributed to ecosystem token holders. Incredible. Now, our model is ready to be showcased LOUDLY.



And nothing does that better than incentives.

Treasury has approximately 291,832 BMX worth $1,278,220 at current market prices, separate from Treasury’s native pool2 LP positions and other assets.

After more than a year of building out our infra and innovative model, with unique product offerings, we are ready for the next phase which is commanding awareness and attention from not only the Base community but the macro-DeFi community at large.

As part of the effort to stimulate massive growth into our established, well-tested liquidity sinks and scale BMX to the masses, the following 16-week incentive schedule using Treasury-owned BMX and Retro-PGF4 OP, is proposed:

• START: Week of October 28th

• END: Week of February 10th (for LP incentives) and February 17th (for trader distributions since these are retro)

• Total BMX Incentives: 100,000 currently valued at approximately $438,000

• Total OP Incentives (Retro-PGF 4): 16,000 currently valued at approximately $27,200


• Total Incentive Value: $465,200



Distribution 1: wBLT-BMX; 48,000 BMX incentivized on Aerodrome across 16 weeks

• Week 1: 1,500

• Week 2: 2,000

• Week 3: 2,500

• Week 4: 3,000

• Week 5: 3,500

• Week 6: 4,000

• Week 7: 4,500

• Week 8: 5,000 (peak)
• Week 9: 4,500

• Week 10: 4,000

• Week 11: 3,500

• Week 12: 3,000

• Week 13: 2,500

• Week 14: 2,000

• Week 15: 1,500

• Week 16: 1,000
• Total: 48,000 BMX

Distribution 2: wBLT-USDC; 16,000 OP bribed on Aerodrome across 16-weeks

• Week 1 - Week 16: 1,000 (static)

• Total: 16,000 OP

The incentives BELOW would be awarded to the Top-25 Volume Traders using a weekly epoch:

Distribution 3: BMX Classic Trader Incentives

• Week 1 - Week 16: 1,000 (static)

• Total: 16,000 BMX


Distribution 4: BMX Freestyle Trader Incentives


• Week 1 - Week 16: 1,000 (static)

• Total: 16,000 BMX


Distribution 5: Based MediaX


• Week 1 - Week 16: 1,000 (static)

• Total: 16,000 BMX




Distribution 6: Community Giveaway Contests

• Week 1 - Week 16: 250
• Total: 4,000 BMX

Summary:

The proposal’s thesis is that the cost of the incentives campaign is more productive toward growing and scaling BMX than the tokens sitting idle in Treasury. It utilizes Retro-PGF4 OP to offset more BMX use. BMX does not do paid advertising, VC, or OTC deals, and Treasury has never sold BMX on the market to date as a means of sustaining operational costs. Treasury has LP positions that generate yield in addition to other assets that sustain operational costs, with runway currently estimated at 2 years.

The total supply is fully distributed, and the 100,000 BMX would move from the diamond hands of Treasury into our community which is not necessarily a bad thing at all! Rewarding community members for their contributions and support while also supporting the growth, scale, and recognition of BMX as a leading DeFi project on Base and across the wider DeFi ecosystem is extremely valuable.