[GEP-0009] LP Staking Rewards Program

What is the problem / opportunity? It is proposed that the Impossible Partner Program (“Program”) should be set up. This proposal aims to set out the general framework for the program to be adopted by the DAO.

What is the proposed solution? A project may apply to Impossible Finance to participate in the Program, and provide rewards to Impossible Finance users for staking. After a project is accepted into the Program, a campaign shall generally run with the below format and pro forma information (there may be variations from campaign to campaign).

Impossible LP Staking Rewards Program Stake Project Token-BUSD liquidity pairs (“LP”) tokens to earn Project Tokens.

• Start Date/Time (estimated)
• End Date/Time (estimated)
• Total Project Tokens supplied (actual amount may depend on a 7-day TWAP at the end of each month)
• Staking Mechanism: User can stake or unstake at any time, earning a dynamic APR ratio to the total staking amounts in the staking pool
• LP Staking Type (e.g., unlimited staking)

Each project shall provide relevant information to users, including their product/team website, Twitter, Telegram, accompanying documentation, and token contract address.

Key milestones / timeline Upon the approval of this proposal, and subsequently, after a project is accepted into the Program, Impossible Finance will create an LP staking card on the Impossible Launchpad. This allows users to stake LP tokens (e.g., Project Token-BUSD) into the contract and earn Project Tokens. The LP StakeDrop will proceed in the aforementioned schedule.

Benefits to token holders and community members This change will support the liquidity growth and the range of functions of the Impossible Swap. It will provide alternative staking rewards and incentives to the Impossible Swap and Launchpad users.