• Proponent/Paid to: 415HtpTeRDCs2FosytxPCZccEAAxifq2VR8uCQhGQnRGo3Cv
• Date: Feberury 15th, 2023
• Requested PHA: 245,208 PHA

Short description:

• To increase $PHA’s DeFi use cases on Moonbeam, we applied to list on StellaSwap which is the top popular DEX on Moonbeam. These funds are applied to provide LP as listing fees to StellaSwap, and give rewards to "Pulsar Farm".

Proposal

StellaSwap is the leading DEX on Moonbeam in both total liquidity and volume, it boasts a hybrid dex model that includes standard AMM, Stable AMM and an upcoming concentrated liquidity AMM. The farm page features various incentivized liquidity pools from bridged, bluechip tokens to native Polkadot assets. Having an incentivized farm is the best way to attract liquidity, give exposure to your project and increase trade volume by having exposure to one of the most visited pages on Moonbeam.

To list on StellaSwap, based on StellaSwap listing guidance. In order to effectively market the incentivized farm, Stella team have outlined a listing cost structure that ensures an inherent alignment of interest between all parties. Chiefly, the listing cost would be denominated in the $PHA-$DOT LP token and would not be staked into the farm nor liquidated at any point during the incentivization period.

• Price (30days average price on Coingecko) $PHA = $0.1606
• Total Apply = 150000 PHA + 95208 PHA (2200 DOT value / $PHA price) = 245,208 PHA
• Tx proof for $DOT transfer: https://polkadot.subscan.io/extrinsic/14170140-5
• Tx proof for $PHA-$DOT LP token transfer: https://moonscan.io//tx/0x5b676da2c324e9f607a1243a3dc42b160d270e57ee22f71ad9d40c44a719c9c0

Details read: https://docs.google.com/document/d/19tHf6QyStzAi6mMoHwjxUK6GctXXUsIMtbREbvVVXO8/edit?usp=sharing