Objective:

By creating a Ferrum trading pool at zkMakers, we can achieve several key objectives. Firstly, zkMakers will significantly boost our market visibility by showcasing Ferrum's AMM pool to a broader audience of traders and investors. This increased exposure will make it easier for individuals to discover and engage with our token, ultimately leading to higher trading volume and enhanced market activity.

Description and Details:

Proposed Action(s):

Add the FRM/BNB pair to the zkMakers platform. We will be adding $2000 worth of rewards in cFRM for those who generate volume on the FRM/BNB pair.

Benefits:

Boost market visibility, higher trading volume, enhanced market activity, cross-marketing benefits.

Potential Risks or Downsides:

zkMakers is a promising but young project. We will be one of the first projects to leverage their technology and so there may be bugs. Although we have tested the product and it is quite smooth.

Resources Required:

From a time standpoint, this won’t be too demanding. We will just need to add rewards and market the campaign. It will require $2000 worth of cFRM to be deployed from the Treasury.

Timeline:

1 month

Impact Analysis:

With this campaign we can significantly boost our market visibility by showcasing Ferrum's AMM pool to a broader audience of traders and investors. This increased exposure will make it easier for individuals to discover and engage with our token, ultimately leading to higher trading volume and enhanced market activity. It will also drive community engagement. This will also serve as the beginning of a mutually beneficial partnership with zkMakers.

Alignment with Ferrum Network's Mission and Values:

zkMakers is essentially a way to decentralize market making. Ferrum is a big proponent of any and all ways that we can decentralize components of the way it operates.

Execution Plan:

Following a successful “yes” vote, both parties (Ferrum and ZkMakers) will make an announcement and start a marketing campaign. Approximately 3-5 days following the start of the marketing campaign, Ferrum will deposit $2,000 worth of cFRM rewards tokens into the ZkMakers smart contract. These tokens will be distributed over the course of 4 epochs (weeks), meaning each week of the trading competition, $500 worth of rewards will be available to the winners. The trading competition will last 4 weeks, and rewards are automatically distributed to the winners via the ZkMakers platform. The parties may consider further trading competitions depending on the success of this one.