EQUIP-3: Pool2 Mining Proposal

Abstract

This proposal introduces a new mining approach called Pool2 Mining, designed to reward Liquidity Providers (LPs) for the EQU/ETH pair on Uniswap. The primary aim is to enhance the liquidity of EQU tokens, thereby fostering a more balanced development of the Equation ecosystem.

Motivation

Since its inception, the Equation has grown rapidly, bolstered by the EQU Fair Launch. However, the current liquidity of EQU tokens is insufficient and has become a bottleneck, hindering the ecosystem's growth. This proposal aims to break through this bottleneck by implementing Pool2 Mining, promoting a more balanced and swift development of Equation.

Specification

Users will be able to participate in sharing 20% of the daily EQU emissions by staking their EQU-ETH LP NFTs from the Uniswap EQU-ETH pool (full range). This allocation will be calculated based on the quantity of EQU in the LP Token at the time of locking and the length of the lock-up period.

Post-Implementation EQU Token Allocation:

Voting for EQUIP-3:

The vote on this proposal is scheduled to start at 10:00 UTC on November 28, 2023, and will last for two days.