[DIP-004] DFX / TEL 50:50 Liquidity Mining on Balancer (Polygon)

Summary: Liquidity mining incentives for the DFX/TEL 50:50 LP on Balancer. (Polygon )

DFX/TEL 50:50 Pool Link:https://polygon.balancer.fi/#/pool/0x96646936b91d6b9d7d0c47c496afbf3d6ec7b6f8000200000000000000000065

Currently purchasing DFX is a struggle if you are trying to avoid ETH gas fees. I believe adding a liquidity mining incentive on the Polygon network would be incredibly beneficial, both for the Telcoin & DFX communities. Both teams are working together, and as we know DFX is currently available on TelX with stable coin staking. I believe this pairing would bring both communities closer together and foster mutual financial growth.

Also, I strongly believe Telcoin would be open to matching incentives, with any DFX incentives. Both communities would prosper, and Balancer would provide a fantastic way to acquire DFX on the polygon network.

The DFX/TEL pool was actually created by Telcoins VP of Strategic Partnerships, Parker Spann and it is a fantastic opportunity for both communities to continue building cohesion and amazing products for the DeFi ecosystem.

Motivation: The motivation is MASSIVE, I know many Telcoin holders who are looking for a way to buy DFX but want to avoid ETH gas fees. Pairing DFX with Tel is the perfect opportunity to further grow both communities, as mentioned above. Also, if the LP became viable with a healthy amount of liquidity over an extended period of time, it could possibly be integrated into the future Telcoin V3.1+ application at some point, which will have access to TelX. This would bring DFX to the future masses that will be utilizing Telcon's services.

Specifications: The pool already exists, rewards could be airdropped once a week, like other DFX pools. Telcoin could potentially also airdrop rewards if we get them involved as well.

Pros:

• DFX community benefits
• Telcoin community benefits
• Provides a straight forward way to acquire DFX on the Polygon network.

Against:

• Currently no other liquidity mining incentives with other pairings

Proposed Incentives:

• 100k DFX tokens, over 3 staking periods. If there is a great amount of traction, we will re-evaluate and continue

Additional References: Telcoins TelX - https://www.telx.network/telxchange