JP-15 Open BETS-AVAX Market

Voting ended almost 3 years agoSucceeded

Temperature check vote with 29 in favour and 2 against by Romuald Hog#7853

High Level

Huge momentum on BetSwirl's token (1m$ trading volume last 24h). We've deployed on TraderJoe Arbitrum, and TJ team just setup the LB there. We'll move from 100k$ from v1 to v2 pool asap. We are expecting more volume on Avalanche too where we have already liquidity on v1 with 100k$ volume daily on average.

Specifications

Avalanche BETS 0xc763f8570A48c4c00C80B76107cbE744dDa67b79 https://coinmarketcap.com/currencies/betswirl/ https://snowtrace.io/token/0xc763f8570A48c4c00C80B76107cbE744dDa67b79

Tokenomics

BETS will need to be staked to get the revenues from our games of chance (dividends), as soon as it's live. BetSwirl's games are generating on average 3k$ per day of revenues, from which 1k$ is accumulated as dividends. c.f. https://defillama.com/fees https://tokenterminal.com/terminal/projects/betswirl

Summary

Our main priority currently is to increase the liquidity of BETS.

The partnership between TJ and BetSwirl can be reinforced thanks to this new LB pool, and will facilitate our holders on Arbitrum and Avalanche by benefiting TJ's efficient liquidity management solution.

We believe that this proposal can attract more BETS volume on Avalanche (and bring awareness of TraderJoe on Arbitrum as it's where BETS is tradable there). Hence more fees for Joe.