Proposal to Upgrade Carbon Browser’s ($CSIX) Liquidity Pair for Farm Rewards from v2 to v3

Upgrade of Carbon Browser’s Liquidity Pair for Farm Rewards from v2 to v3

We propose to shift Carbon Browser’s Farm rewards from the current CSIX-CAKE v2 LP to the new CSIX-CAKE v3 LP.

Transitioning to the CSIX-CAKE v3 pair will further incentivize the liquidity for the CSIX token and support healthy trading volumes for PancakeSwap. As a result of the concentrated liquidity model, the same amount of liquidity in v3, compared to v2, can support significantly larger trades.

For example, for a $500 trade, with a liquidity of $200,000 in the pool, v3 is about 8x more efficient than v2. (Assuming the v3 liquidity was added across a price range of +/- 25% of the current CSIX price.)

To ensure a smooth transition between v2 and v3 pairs, there will be an overlap of one day where there will be incentives directed towards both farms. This will occur between 26 and 27 May 2023.

After 0730 UTC on 27 May 2023, only the v3 pair will receive incentives, so users are encouraged to migrate in advance.

The New Farm:

The proposed new Farm will have doubled emissions for the first 7 days. For example, if the v2 farm emits 10 CAKE per day, the proposed v3 farm will emit 20 CAKE per day for the first 7 days and 10 CAKE per day thereafter.

Previous v2 Farm:

• Stake CSIX-CAKE v2 LP, earn CAKE
• 0.2x multiplier
• ~10 CAKE per day

New v3 Farm (0.25% fee tier):

• Stake CSIX-CAKE (0.25% fee tier) v3 LP, earn CAKE
• 0.5x multiplier (1x multiplier for the first 7 days)
• ~20 CAKE per day for the first 7 days and ~10 CAKE per day thereafter

In the future, the farm will be re-adjusted to a lower or zero multiplier unless the following metrics are comparable with other farms of similar multiplier: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues or concerns related to users’ safety and security.

Key timelines

• Launch of CSIX-CAKE v3 farm: Approx. 0730 UTC on 26 May 2023
• Sunset of CSIX-CAKE v2 farm: Approx. 0730 UTC on 27 May 2023

How to migrate?

Please remember to shift your LP to the new farm before the v2 farm sunsets.

Please refer to the following link for migration instructions

What is Carbon Browser?

Carbon is a fast, privacy-focused web3 browser that comes with built-in ads and website tracker blocking. To date, Carbon has gained over 5.7 million downloads and currently boasts more than 45,000 daily active users (DAUs).

Carbon is available for download on Google Play Store and the iOS app is scheduled for release in Q2, followed by Mac OS/PC in Q3.

What is $CSIX?

From the team: “The CSIX token powers the entire Carbon ecosystem by offering discounted fees when using:

• AdX - Carbon's upcoming self-serve ad marketplace
• Carbon Pro - a premium browsing experience
• Cross-Chain Swaps within the integrated browser wallet”

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The official CSIX token contract address on Binance Smart Chain is:

https://bscscan.com/token/0x04756126F044634C9a0f0E985e60c88a51ACC206

​Any other CSIX token will be a scam. Always verify the token address before buying tokens. If you receive a CSIX token airdrop from another address, it’s probably a scam, and we advise you to ignore it.