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FraxFraxby0x43A26B51C6ac39ed5866524D47fc97Ae98D875B20x43A2…75B2

Biswap & Frax Finance: Partnership Proposal

Voting ended almost 4 years agoFailed

For more information about this proposal, please see the full discussion here: https://gov.frax.finance/t/biswap-frax-finance-partnership-proposal/1153

Frax Finance x Biswap Steps Proposal

  1. Official FRAX listing on Biswap under FRAX-BUSD pair While every token FRAX is traded on Biswap once a liquidity pool is created, users are met with a caution message of an imported token. With an official listing, FRAX-BUSD can be easily accessed through a token search. Over time FRAX will also be included in the Fee Return promotion, letting users gain up to 90% fee return in BSW.
  • For the FRAX official listing is required the start liquidity on Biswap - is $1 000 000 in FRAX and $1 000 000 in BUSD for the FRAX-BUSD pair.
  • In case Biswap is considered as the main DEX on BSC for Frax Finance, the liquidity will be kept in the FRAX-BUSD pair. Biswap is open to using any liquidity lockers by the Frax Finance team, it will be additional trust and security points for the community
  • Frax Finance users will have the opportunity to buy FRAX with the lowest platform fee of 0.1%
  • Adding Biswap on the Frax Integrations page
  1. Potential creation of Stake FRAX-BNB LP - Earn BSW Farm Biswap Farms allow users to stake FRAX-BNB LP tokens and get BSW rewards for staking. It will increase the number of long-term FRAX holders, as well as increase liquidity to provide lower slippage.

Along with participation in Farms, liquidity providers get 0.05% of all swaps made inside the trading pair as a fee reward.

Once FRAX trading volumes on Biswap grow and achieve significant average daily trading volumes (through several days) Biswap will consider the creation of Stake FRAX-BNB LP - Earn BSW Farm.

Other factors that may impact Farm creation include the project’s community health, security issues, roadmap release postponement, and implementation of other agreement points.

Farming pairs on Biswap are reconsidered on a monthly basis depending on their trading volumes.

Existing Farms on Biswap could be found here: https://biswap.org/farms

  1. Creating the Stake BSW | Earn FRAX Launchpool for 30 days that will spread FRAX tokens among more than 125 000+ BSW holders. Biswap Launchpools allow users to earn crypto for holding BSW. Providing liquidity on Biswap Launchpools will increase your target audience among Biswappers and investors. That will bring more interest to your token, increase its trustworthiness, and boost the number of holders.

The required sum is $100 000 in FRAX for Stake BSW | Earn FRAX Unlimited Launchpool (30 days).

  1. The Biswap side will gladly consider any potential integration of Biswap in the Frax Finance project

  2. Adding Biswap on the Frax Staking page: https://app.frax.finance/staking

  3. Considering Biswap as your main DEX on BNB Smart Chain. It means keeping a major part of FRAX liquidity in Biswap liquidity pools, leading to a strong co-marketing and co-promotional strategy which will have a beneficial impact on both projects

  4. Step-by-step cross-marketing accompanying Frax Finance’s side marketing & Promo Strategy for the most powerful collaboration boost.

Off-Chain Vote

For
265.66K FXS60.9%
Against
145.55K FXS33.3%
Abstain
25.24K FXS5.8%
Quorum:6%
Download mobile app to vote

Discussion

FraxBiswap & Frax Finance: Partnership Proposal

Timeline

Apr 22, 2022Proposal created
Apr 22, 2022Proposal vote started
Apr 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated