1.8M POP for Liquidity Mining

This proposal seeks to allocate 1.8% of the total POP token supply to Popcorn's first liquidity mining program where users will be able to use Sweet Caramel, the V1 release of the Popcorn App, to farm POP.

The purpose of this proposal is to:

1. Allocate 1,800,000 POP to the liquidity mining program.
2. Supply Popcorn's first liquidity mining program with a sufficient supply of POP rewards to attract liquidity.

When?

Liquidity mining is proposed to begin in January 2022 with the exact date and time announced in the coming weeks.

Where?

You will be able to use Sweet Caramel, the V1 release of the Popcorn App to farm POP. On Sweet Caramel you will find our first product Butter as well as functionality to stake your POP, Butter, and POP-USDC LP tokens to earn POP rewards.

On Popcorn’s App Sweet Caramel you will be able to do the following:

1. Mint Butter to optimize your stablecoin yield
2. Claim and stake Butter to earn POP rewards on Ethereum only
3. Stake POP to earn POP rewards on Ethereum and Polygon
4. Stake POP-USDC LP tokens to earn POP rewards on Ethereum and Polygon

Butter Venue: Sweet Caramel on Ethereum only

POP Staking Venue: Sweet Caramel on Ethereum and Polygon

POP-USDC on Ethereum and Polygon Pair: USDC — POP

How long?

The liquidity mining program will last 6 months with weekly emissions decaying linearly.

Vesting of Rewards

10% of your POP rewards will be distributed immediately after claiming your rewards with the remaining 90% vested over 12 months thereafter. This is subject to change.

Please approve or decline the proposal below.