QIP #7 : Aggregate SwapX on Sonic to expand Quoll Ecosystem

Abstract SwapX is the leading decentralized exchange (DEX) on Sonic, utilizing its own vote-locked token: veSWAPX. At Quoll, our goal is to integrate additional protocols to maximize earnings for our vlQUO holders. By incorporating $SWAPX and utilizing veSWAPX, we seek to capture a broad spectrum of incentives and rewards, enhancing the overall benefits for our users and stakeholders.

Motivation The key motivation behind this proposal is to optimize the collection of bribes and rewards from various protocols using a single token: vlQUO. Aggregating these incentives allows vlQUO holders to gain exposure to multiple earning opportunities without the hassle of managing multiple tokens or positions. Additionally, as we will launch a unique token per chain, vlQUO holders will receive an allocation of the new token through an airdrop. This will further enhance user benefits, strengthen vlQUO’s attractiveness, and drive greater adoption and expansion.

Specification How Will This Function? Locking $SWAPX: We will lock $SWAPX tokens to acquire veSWAPX through a proxy system. This proxy will hold veSWAPX and serve as an intermediary for governance and reward collection. This accumulation will start with an Initial Bootstrap Event.

Voter Proxy Integration : Our vlsQUO system will incorporate a voter proxy, which will be responsible for managing the voting process on behalf of holders, similar to its function for Thena.

Capturing Incentives and Rewards : By utilizing the voter proxy, we will engage in governance processes on platforms such as Sonic and SwapX. Through strategic voting, we aim to secure incentives and rewards offered by these protocols.

Reward Distribution to locked sQUO Holders : The collected bribes and rewards will be pooled and distributed among vlQUO holders. Holding a single vlQUO token will grant an airdrop allocation of the new chain's token.

Future Growth Opportunities : Next Step is ICO for the new token on Sonic with the following Tokenomic $sQUO :

• Liquidity Mining : 45%
• ICO : 15%
• Team : 15%
• Bonus pools incentives : 10%
• Treasury : 5%
• Airdrop Bootstrap participants : 4%
• Partners : 2%
• vlQUO holders airdrop : 2%
• Protocol owned Liquidity : 2%

Benefits

Higher Earnings Potential : Accessing bribes and rewards from multiple protocols will create a diversified revenue stream for Quoll Ecosystem

Increased Attractiveness : Aggregating rewards from several sources will boost Quoll Finance appeal among users and investors.

Scalability : The model can easily be expanded to incorporate more protocols, amplifying benefits for Quoll Ecosystem over time.

Conclusion Incorporating $SWAPX and leveraging veSWAPX through a proxy mechanism presents a major opportunity for Quoll to strengthen its value offering. By capturing rewards and incentives from multiple protocols and distributing them to vlQUO holders, we can enhance revenue generation, simplify user participation, and promote platform growth. This proposal aligns with our mission to integrate more protocols and maximize stakeholder value, and we look forward to receiving community feedback and support.