xDai Chain (Gnosis Chain)

and collaboration between DXdao/Swapr and xDai/Stake Communities.

This proposal is a Snapshot vote related to the proposal on the xDai forum and all details can be found here: https://forum.poa.network/t/proposal-collaboration-between-dxdao-swapr-and-xdai-stake-communities/8252

This Proposal involves the opportunity for the xDai community to jointly sponsoring liquidity mining rewards for Swapr on xDai.

Some of the benefits to the xDai community are:

Unique: Swapr brings a unique DEX experience to xDai

Features: With it’s eco-routing which the xDai team has shared with its community, it becomes the ideal DEX to swap any tokens on xDai, as it always gives the user the best price no matter which DEX it’s on.

Farming: Swapr’s new farming interface allows a mostly “permissionless” farming ability for any project in the xDai ecosystem, including multi-token rewards, timelocks and caps.

DXdao Capital: Regarding Swapr’s liquidity, DXdao is leading with its own capital by injecting capital into important pools on xDai, so far with a focus to increase liquidity on pools that are lacking. This creates an important ecosystem growth effect.

Multi DEX benefits: Multiple DEX’s with good liquidity operating on xDai leads to more trading, more users, more arbitrage, and more attention.

Healthy Ecosystem: Once xDai has more DEX liquidity, it will attract more products and dapps that can only come to xDai once there is sufficient liquidity for certain tokens. There are many protocols that are dependent on sufficient token liquidity.

There is also a benefit to getting STAKE in the hands of appropriate community members.

Proposal Summary:

Request for the xDai/STAKE community to grant $200k of STAKE to DXdao to be used in Multi-reward farms on Swapr xDai over the next 4 Epochs (8 weeks).