p39 - Renew the 4eur pool incentives

1. First Liquidity mining report

In partnership with Mimo, we have launched a 4eur pool with 230k$ incentives for a period of 60 days the November 23th. This pool was a success with more 6M€ in the pool currently: https://polygon.curve.fi/factory/37

We have also seen a net increase of volumes on Jarvis exchange as well as an increase in the number of $jEUR and $PAR minted. You can find all the statistics here: https://dune.xyz/0xroll/Polyroll-Dashboard

Many integrations has been made with this pool:

• Beefy vault
• Harvest vault
• APWine FYT for Beefy vault
• APWine FYT for Harvest vault

More integrations coming soon like:

• 4eur isolated pool on Market XYZ
• Paraswap integration

2. Proposal Summary

The initial goal of these incentives was to have a gauge on the pool to be eligible to CRV rewards on the pool then bribe the pool. For this, we need to have cross-chains gauges, this feature will be live on Curve very soon.

In the meantime I propose to renew the incentive program in partnership with Mimo for another 60 days.

I propose to incentivize this pool with $175k in $JRT, $UMA and $MIMO and divide the cost of these incentives in 2:

• 87.5k$ -> Jarvis
• 87.5k$ -> Mimo

These incentives resulting in the creation of a future token named $DEN-0321, I propose the creation of 100 $DEN at an initial price of 1750$ per $DEN-0321 with the following distribution:

• 2 $DEN -> initial liquidity on DEN-0321/4eur pool (3500$) (+3500$ in 4eur from the Jarvis Treasury)
• 12 $DEN -> DEN-0321/4eur pool incentives on KyberSwap (21 000$)
• 86 $DEN -> 4eur pool incentives (150 500$)

At the end of the incentive program, the initial liquidity add on KyberSwap will be returned to a user in the form of an auction with an NFT created by Jarvis.

3. Proposal

Should we continue the incentives on the 4eur pool for the next 60 days with 175k$ incentives ?

• For
• Against