December 2023 Budget Plan

LP Incentive Fee


Overview

StaFi LSD offers trading liquidity for rTokens on DEXes, allowing users to easily swap between liquid staked tokens and unstaked tokens.

To further encourage liquidity provision, we propose allocating FIS tokens to liquidity pools. These incentives aim to attract more participants and enhance liquidity on DEXes. Improved liquidity will reduce slippage and enable seamless transactions, ultimately attracting more users to the protocol.

Budget Plan

Year/Month DeFi Protocol Network Token/Pairs Reward-FIS
2023/12 Wombat BSC rBNB/BNB 4,000.00
2023/12 Thena BSC rBNB/BNB 5,000.00
2023/12 Velodrome Optimism rETH/ETH 1,000.00
2023/12 Curve Ethereum rETH/ETH 30,000.00
2023/12 Aura Ethereum rETH/ETH 30,000.00
2023/12 Osmosis Cosmos rATOM/ATOM 21,000.00
2023/12 Quickswap Polygon rMATIC/MATIC 10,000,00

This is an estimated value and the actual value may slightly vary depending on market fluctuations.

For December’s incentive, there will be some changes in terns of DeFi protocols involved. Considering the security incident happened to Kyber recently, the StaFi DAO decides to remove Kyber from our incentive budget plan. The incentive for rMATIC/MATIC will be implemented on Quickswap instead, please follow StaFi’s social media channels for updates.

How to Get Involved

Mint rToken

rToken App

Guide

Add liquidity

ETH staking incentive program

Boosting DVT Adoption and Decentralization of Ethereum Staking through Collaborative Co-Incentive Programs with SSV

The proposal has been approved, and the DAO will execute this proposal in December. It is expected to allocate around 400,000 FIS for incentives. For specific details on the incentive purposes, please refer to the proposal.