About Unipilot
Unipilot is a concentrated liquidity manager that offers capital efficiency using optimal liquidity strategies on top of AMMs like Uniswap V3. More about Unipilot at https://unipilot.io
Summary
Unipilot is submitting this proposal to request 184897.57 BSN tokens per month to be allocated as farming rewards for the kETH/ETH pool on Ethereum. Our experience indicates that such farming rewards can significantly boost the Total Value Locked (TVL) in the pool, potentially achieving a 1:13 ratio.
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Background
Unipilot has been actively involved in the DeFi space, optimizing liquidity provision on decentralized exchanges. Our current pool, cbETH/Weth on Ethereum, produced a TVL of approximately $30,000. We have a proven track record of managing and optimizing liquidity across multiple chains.
Motivation
By integrating with Blockswap and providing farming rewards, we aim to enhance the attractiveness of the kETH/ETH pool, thereby increasing the TVL and overall activity. This aligns with Blockswap’s mission of expanding and enhancing the DeFi ecosystem. Our past experiences have shown that a $1000 farming reward can attract up to $13,000 in TVL.
Proposal
We request the Blockswap DAO to allocate 184897.57 BSN tokens ($1000) per month for farming rewards in the kETH/ETH pool. This amount is justified based on our prior experience where farming incentives have shown a tenfold increase in TVL. In return, Unipilot will actively manage and optimize the pool to ensure maximum returns for liquidity providers and the overall health of the pool. Additionally, we are open to co-marketing opportunities to further promote the pool and attract more users.
Implementation
Upon approval of this proposal:
Unipilot will set up kETH/ETH vault with the back-tested strategy.
Blockswap DAO will allocate the specified BSN tokens for farming rewards.
Unipilot will set up farming and manage per block distribution of rewards to liquidity providers in the kETH/ETH pool.
Regular updates can be checked in the Unipilot dApp stats section on the performance and growth of the pool.
Considerations
While we anticipate positive outcomes from this proposal, it’s essential to consider potential risks. There’s always market volatility to consider, and while our past records are promising, future performance can’t be guaranteed. Although we are open towards range suggestions from blockswap network and review team.
Conclusion
Unipilot believes that by collaborating with Blockswap and introducing farming rewards for the kETH/ETH pool, we can significantly boost the TVL and overall activity in the pool. We bring our expertise and proven track record to the table and are committed to ensuring the success of this initiative.
