SOSIP-14-Polygon Liquidity Mining Program
Team: Author(s): Angyts
Date: 2022/02/25
Summary:
Provide liquidity mining rewards on Polygon Sushiswap to incentivise users to bridge $SOS and seed liquidity.
Background:
Our NFT social consensus platform has launched and there will be use for $mSOS on the platform.
There will also be more dApps planned to launch on polygon in the OpenDAO ecosystem.
We need to incentivize users to bridge $SOS and provide initial liquidity so that the token can be tradable on polygon.
Assuming 300K USD of rewards is approved via snapshot. The APY should be about 120% if there is 300K total locked value.
This program will run for a year.
Key Objectives:
Total locked value of $1 M in the trading pool.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9F9e...073458 | 142.207B | Support with 300 K USD |
 0xE2A0...Cf867b | 90.61B | Do Not Support |
 0xF83D...A6F216 | 74.146B | Support with 500 K USD |
 0x2D1E...7d61C5 | 71.197B | Support with 500 K USD |
 0x0f64...7F7fA1 | 71.108B | Support with 500 K USD |
VOTE POWER
Proposal Status
- Fri February 25 2022, 06:00 pmVoting Period Starts
- Mon February 28 2022, 06:00 pmEnd Voting Period
Current Results
1-Support with 500 K USD
1013.539B
2-Support with 300 K USD
751.152B
3-Do Not Support
182.261B