[DIP-013] Continue Liquidity mining Incentives for DFX/TEL/USDC LP

This pool continues to be the most liquid pool for Telcoin’s TELx ecosystem on Balancer and the most efficient spot to buy DFX on Polygon. Both communities have continued to show their support for this liquidity pool, and we want to continue providing incentives for another 180 days (6 months).

Motivation

Since adding the 20% USDC component, we’ve seen a significant increase in volume flowing through this pool, earning more fees for those who provide liquidity. We want this to continue and increase as DFX gets more exposure with some of the big improvements the team is currently working on. Also, as Telcoin’s vision becomes more of a reality, we’ll see more users from all around the world download their application, and will be able to easily trade/swap for DFX within it. Staking within the Telcoin app is also on the horizon, so we need to make sure we’re positioned properly within that ecosystem to maintain exposure through their community and onboard more users that want the most efficient forex swaps in crypto.

Specifications

The liquidity pool already exists, and the contract is already deployed. Telcoin was previously incentivizing liquidity providers to stay in the pool for a minimum of 60 days out of the 90-day cycles to be considered for an additional 10M TEL airdrop. This has recently been removed, as the cycle times have been reduced from 90 days to every 30 days. The amount of incentives are staying the same from both DFX and Telcoin (33,333.33 DFX and 6,666,666.66 TEL per 30 day cycle). Liquidity providers can now claim their rewards at any time, and as frequently as they desire through DFX or through TELx.

Pros

• Continue to support and strengthen the partnership with Telcoin and our communities • Continue to provide an easy and efficient was to swap for DFX on Polygon

Against

• Community looking for the 50/50 pool (DFX/TEL) to come back, but it would fragment the liquidity for both LPs. We can review this after the current 180-day renewal expires.