Liquidity Campaign Funding - BSN/wETH

Proposal Discussion
1

This is a proposal to run a 6 month Liquidity campaign with Merkl Finance and Uniswap to increase liquidity for BSN on Ethereum mainnet.

Summary

Each month the Council (Grants/Liquidity) will review the results and determine if adjustments should be made to adjust the incentives to help increase BSN liquidity to a mainnet market depth of ~$25,000.

The goal is to have at least $50,000 of liquidity in the BSN/wETH mainnet & Arbitrum pools all times. This will help us to get re-listed on Coinmarketcap as BSN and not cBSN and to get listed on Coingecko.

Proposal

Reward BSN/wETH LPs in this Uniswap pool with BSN at these intervals.

  1. 4,500,000 BSN - Month 1
  2. 4,000,000 BSN - Month 2
  3. 3,000,000 BSN - Month 3
  4. 2,000,000 BSN - Month 4
  5. 1,000,000 BSN - Month 5
  6. 500,000 BSN - Month 6

Each month the Grants/Liquidity Council will add the agreed upon BSN rewards to Merkl on the 1st of the month.

Merkl will be used to claim the rewards and the cost to use Merkl is 3% of each month’s campaign.

The suggestion is to start this liquidity campaign ASAP and then let the Council adjust the approved campaign as needed to help ensure there is enough BSN in the market.

If anyone has ideas for how to limit sell pressure of BSN earned in the liquidity campaign please do share with us.

References

BSN/wETH Pool Etherscan Snapshot on March 13, 2024

Screenshot 2024-03-13 at 2.34.38 PM
Screenshot 2024-03-13 at 2.34.38 PM1514×1362 210 KB

Thank you,

Kentphilly

2 Likes
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This liquidity campaign will come to vote between March 16 - 19th by the BSN Holders.

https://snapshot.org/#/blockswapdao.eth/proposal/0x83b9671af461032f2a661240d2b2bd2a66d27674b0b492b197f67994a0ea6c03

1 Like
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Thanks for the proposal! Pablo from Merkl here, would happily advise the Blockswap council on how to set these campaigns efficiently!

4 Likes
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Thanks Pablo. The DAO has enough votes to pass the vote and once it closes we will reach out with any questions on our first month strategy.

1 Like
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Update:

The BSN/wETH LIqudity Campaign on Uniswap with Merkl to claim rewards will start on April 1, 2024.

Here is the Merkl pool link.

Screenshot 2024-03-22 at 12.16.22 PM
Screenshot 2024-03-22 at 12.16.22 PM1728×696 75.6 KB

This is the start of the 6 month liquidity campaign for BSN.

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Awesome!!! Keep up the good work.

1 Like
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The BSN Liquidity campaign is live now and we’re seeing more liquidity come to the market for BSN and that’s great.

Here is the Uniswap pool: Uniswap Interface

Here is the link to deposit via Bunni: https://bunni.pro/add/ethereum?tokenA=0x534d1f5e617e0f72a6b06a04aa599839af776a5e&tokenB=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2&fee=10000

Here’s the Merkl link to claim rewards: Merkl

1 Like