$PHA Liquidity Provision in StellaSwap (Moonbeam) - treasury proposal #58
Treasury
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Awarded
  • 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.

Category Cost Features/benefits
LP token as listing fee $25000 = 2200 $DOT + 124,633 $PHA Will be deposited in pool for seeding liquidity
Pulsar Farm Rewards $5000 = 25,366 $PHA An incentivized farm would have rewarded in both STELLA and the project tokens to ensure effective liquidity accrual. The STELLA rewards will be calculated based on the project's own TVL target and internal metrics.
Sum 2200 $DOT + 150000 $PHA

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

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Metadata
TimelineLatest activity undefined
2023-02-16 13:28:00
Proposed
Index
#58
2023-02-16 13:48:54
approveProposal
5/5
Aye(5)
Nay(0)
2023-02-16 13:54:24
Vote
2023-02-16 20:42:54
Vote
2023-02-16 21:02:54
Vote
2023-02-16 23:58:00
Vote
2023-02-17 08:09:24
Vote
2023-02-17 08:23:42
Closed
2023-02-17 08:23:42
Approved
2023-02-17 08:23:42
Executed
Result
Succeed
2023-02-17 08:53:48
Awarded
Beneficiary
Award
245208 PHA
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