Proposal: Launch ICHI-ETH Liquidity Mining on Loopring

ICHI agrees to provide a minimum of 10k ICHI over a 4 week period to the liquidity providers on Loopring’s AMM. In return, Loopring will match 20% in LRC rewards to traders who trade using the Loopring AMM.

What is Loopring? Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges.

What will happen after the 4 week period? ICHI rewards will continue to adjust bi-weekly based on the proportional amount of liquidity provided by the Loopring AMM vs. all other AMMs. The Loopring 20% match will also continue.