Seed initial imUSD liquidity on DEXes with 10K weekly MTA rewards for 4 weeks then 5K weekly rewards thereafter (can decide actual amount later)
Hi guys, we have currently a couple of liquidity pools that qualify for EARN rewards. Since the purpose of LPs are to incentivize and bootstrap liquidity of mAssets, we have a couple of useful pools since.
Curve for stablecoins <> mUSD
Uniswap for MTA <> ETH
Balancer for mUSD <> ETH
We are also winding down the USDC/mUSD 50/50 pool as stablecoin routing can be served by Curve. Rewards are in the process of going to SAVE v2 which incentivizes mUSD > imUSD.
Now, it’s time to consider a liquid market for imUSD, or interest-accruing mUSD, which I’ll propose to seed with an initial 10K weekly MTA rewards, perhaps as a limited 4-week imUSD liquidity mining promotion, then lower to 5K weekly rewards thereafter.
My initial thoughts are ETH <> imUSD on Uniswap/Sushiswap for
- MTA <> imUSD routing via MTA<>ETH<>imUSD - allows MTA rewards to be reinvested into SAVE
- Allow imUSD <> MTA routing for governance participation.
- Seed DEX liquidity and yield farming for imUSD
- Allow MTA<>imUSD easy routing
Any thoughts? Poll below for signalling please. Opinions mine.
- Yes, with 10K MTA weekly
- Yes, with 5K MTA weekly
- Yes, Others