Proposal: Launch and match $STAKE to $SYMM incentives on Symmetric.Finance
Symmetric is a Decentralized Exchange (DEX) and an Automated Market Maker (AMM). Symmetric enables advanced strategies for DeFi users in the xDai ecosystem through its unique CUSTOM WEIGHT, MULTI-ASSET & SMART POOLS (shared or private).
This proposal is a follow-up to a previous forum post which was supported unanimously; https://forum.poa.network/t/proposal-to-match-stake-incentives-for-symmetric-ticker-symm-on-xdai/7985
Symmetric is requesting $100k in STAKE incentives paid out over a 6 month period, during which the rewards will be distributed to $SYMM and $STAKE pools. Symmetric will match $STAKE rewards 1 for 1.
The KPI metrics for TVL (Symmetric) and Market Cap ($STAKE) are below;
TVL First Month 100% rate to bootstrap platform If TVL less than $1M - 25% reward rate TVL of $1-$10M - 50% reward rate TVL $10-$50M - 75% reward rate +$50M - 100% reward rate
Market Cap If $STAKE market cap drops below $50 million - then rewards stop If $STAKE market cap is between $50- $125 million - then 50% rewards rate If $STAKE market cap is between $125- $200 million - then 75% rewards rate If $STAKE market cap is between +$200 million - then 100% rewards rate
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9F45...1642C7 | 8,186 | YES (support) |
 0x41cf...55A34a | 4,463 | YES (support) |
 0xbb47...43308f | 4,119 | YES (support) |
 0x1EFf...Fb6234 | 3,146 | YES (support) |
 0x1C3D...Cdb546 | 2,575 | YES (support) |
VOTE POWER
Proposal Status
- Sun October 24 2021, 03:00 pmVoting Period Starts
- Fri October 29 2021, 03:00 pmEnd Voting Period
Current Results
1-YES (support)
26,103.921
2-NO (oppose)
15.703