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UniDex ExchangeUniDex Exchangeby0x2E5d207a4C0F7e7C52F6622DCC6EB44bC0fE1A13unidexapp.eth

Run a 2 week LP promotion on Metis by sending 100% of trading fees to LPs

Voting ended over 3 years agoSucceeded

We recently had our launch on Metis but now face two key components of growing activity.

We believe that's exposure and liquidity building. Traders cannot use the platform without some initial liquidity from market makers so a proposed solution to get the attention of the metis community, would be to incentivize LPs with 100% of the Metis platform fees for 2 weeks as a promotion. These will dial back to 60% after the 2 weeks are up.

Pros:

  • Liquidity providing will deem very attractive as trading activity grows with the increasing amount of liquidity
  • More eyes on the project in the Metis ecosystem which could mean more traders and future LPs
  • Trading activity can rapidly pick up if the LP size increases

Cons:

  • No token holder fees are generated from the Metis platform for these 2 weeks

Off-Chain Vote

Run the promotion
71.57K UNIDX100%
Leave things as they are
0 UNIDX0%
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Timeline

Aug 31, 2022Proposal created
Sep 02, 2022Proposal vote started
Sep 04, 2022Proposal vote ended
Oct 30, 2024Proposal updated