Proposal #22
Tech. Comm. #0xb0bc

Use Treasury Funds To Incentivise iBTC / multiUSDC pool on Beamswap (Moonbeam)

  • Content
  • AI Summary
  • Business
  • Call
  • Metadata
  • Timeline2

I think going down the incentivized AMM farms route isn't suitable for iBTC (different story for INTR).

iBTC is itself already a product worth having given it is very secure btc. Furthermore these incentivised farms only ever attract mercenary liquidity.

Partnering with a market maker seems a lot more prudent and effective route to having decent utilization of iBTC, and will surely be a far more enticing feather in our cap when getting iBTC listed at money markets.

Up 2

Greetings Interlay!

We are Beamswap a community driven DeFi hub built on the Moonbeam Network featuring a decentralized exchange (DEX) and an automated market maker (AMM).

We are the second most held token on the Moonbeam Network next to WGLMR, and the #1 held project token on th network. We have over 9300 holders of our native token who participate in our farms and roughly 50% of those users are participating in our single sided staking.

Our mission is to give users the freedom of adding liquidity, performing peer-to-peer transactions, swapping fungible tokens, and earning passive income from staking and yield farming.

Another large area of focus for our team is to support the multichain vision to serve as a host for projects on the Moonbeam & Polkadot Ecosystem while working alongside projects with existing infrastructure looking to bridge into the multichain universe.

Through offering Interlay rewards to our iBTC / multiUSDC pool this will allow for further use of Interlay's assets to our users, growth of users for Interlay's native token, provide another option for users, and help further grow the Moonbeam and Polkadot Ecosystem.