Should CLARITY have a MIN Farm?

Temp Check Polls
1

Hi everyone, the Clarity Community is excited about the possibility of creating a double farm on Minswap! Check out the info below to learn more.

1.1 Please describe your project. What is it doing to improve Cardano?

  • The Clarity Protocol is governance and treasury management infrastructure that can be leveraged by Cardano Projects. The Clarity Platform also provides various tools for communities to establish reward systems, incentive systems, and membership management.

1.2 What does the Token do? How many holders does it currently have?

  • The $CLARITY token (Policy id: 1e76aaec4869308ef5b61e81ebf229f2e70f75a50223defa087f807b) is used in the following ways:
    • Paying for onchain governance interactions
    • Providing governance power in the Clarity DAO
    • Incentivizing DAO participation in DAOs leveraging the Clarity Protocol.
    • You can learn more by watching this video: https://www.youtube.com/watch?v=bDD7uC68MDo
  • Holders: 194

1.3. Why do you want a MIN Farm? How does the Minswap community benefit from offering a MIN Farm for your Token? Apart from the MIN Farm, will you add your own Token as incentive as well (Double Farm) If yes, how much?

  • The main reason for starting a Double Farm on Minswap is to incentivize our community to provide substantial liquidity for the $CLARITY token and increase our holder amount.
  • We also want a MIN farm because our community is excited and passionate about Minswap. The DAO just voted to move half of our DAO-owned liquidity to Minswap and we want to properly incentivize our community to use it.
  • Yes this will be a double farm! We will be contributing 14,201,893
    • 12-month farm, 1% decay curve, starting at 1.25M per month

1.4. How much circulating supply is there of your token? Please inform us briefly on your tokenomics, including the distribution and vesting schedule of the token (investors, team, yield farming, etc.)

  • Circulating Supply: 401.85M (~20% of supply)

  • Allocations:
    *** DAO treasury: 487M (24.35%)**

    • This allocation is held in the Clarity DAO treasury which is an Agora DAO, meaning it is a smart contract treasury with automatically executing proposals enforced by smart contracts.

    *** Community Rewards: 580M (29%)**

    • This allocation is held in the Clarity DAO treasury which is an Agora DAO, meaning it is a smart contract treasury with automatically executing proposals enforced by smart contracts.
    • Year 1 of community rewards allocation (Clarity DAO voted for this): 113M
      • Minswap farm allocation: 14,201,893
      • 12-month farm, 1% decay curve, starting at 1.25M

    *** LBE: 20M (5%)**
    * This is the amount of $CLARITY that was allocated to the initial liquidity event to create the market for the token.

*** Future Development: 200M (10%)**
* Reserved for future partnerships that will help to develop the protocol from a technical and business perspective.

*** Strategic Partners: 403M (20.15%)** (Partially allocated, 2 year linear vesting)
* Partially allocated to an advisory board, early angel investors, service providers, and other strategic partners.

*** Team: 230M (11.5%) (2 year linear vesting)**
* Allocated to the team that works day in and day out on building the protocol.

1.5. Is your Project audited? By whom?

Yes, the smart contracts that we enable non-technical creation of and interaction with are open source and audited by Vaccum labs.

  • Yes, in favor
  • No, do not add this Farm
0 voters
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