I wanted to start a discussion on yield farming pairs here, as the team indicated they would be open to feedback, and the full list has not yet been determined. I didn’t write this as a proposal to be voted on, as I thought we needed discussion first. Minswap has an opportunity to incentivize more pairs than Sundae currently does, and thus attract more liquidity to the dex. So, here’s my starter list!
MIN, along with the associated bonuses as laid out in the MLBE Medium article.
Keeping up with the Neighbors
These are two of the highest trading volume pairs on Sundae, possibly because they are the only two pairs that Sundae currently provides yield farming rewards to aside from its own token. Minswap should attempt to compete for some of that liquidity.
The Strategic Assets
These tokens are all reasonably well-traded on Sundae currently, have decent available supply, and are either already popular in the community (oh hi HOSKY, please bring your rabid fans here), or have strong potential to become so. As no other dex is offering yield on these tokens currently, Minswap could easily become the place for holders of these tokens to swap.
Now, this might be too many tokens to incentivize at once, interested in feedback We might only want 6 total, perhaps. I haven’t done the math on supply per pool, that actually could bring up an entire discussion along. Do we incentivize the entire collection the same, as Sundae is doing, or do we split allocations of MIN per pool, as I’ve seen in other dexes. I don’t currently know the technical capabilities of Minswap’s yield farming module to know what is possible.
Additionally, as we move into DAO governance of the protocol, I’d like to see incentive decisions handled similar to how Balancer does. You can read about their Liquidity Mining Committee here
So there’s some thoughts. Myself and the Minswap team are interested in your feedback.