The Blockzero Labs community knows the importance and benefits of liquidity. Within the first year, the XLP (XIO Liquidity Program) became Uniswap’s most diversified liquidity pool and reached over $3M in total ETH/XIO.
Today we are proposing to launch a liquidity mining program for $FLASH called the FLP (FLASH Liquidity Program). Here is how it would work.
- Anyone could add FLASH + ETH to the Uniswap liquidity pool.
- Daily snapshots would be taken of holders to see what portion of the pool they own
- At the end of the month, users would earn $FLASH relative to their pool ownership percentage.
We put 100,000 $FLASH into the FLP (Flash Liquidity Program) that be earned over three months (33,333 FLASH per month). You add ETH/FLASH to Uniswap and own 20% of the pool.
Daily snapshots are taken of all LPs and you end up with an average ownership of 15% of the pool.
On our monthly distributions through the claims dapp (https://xio.app), you would be able to withdraw 5,000 $FLASH (33,333 * 15%)
Bonus reading material to see the good and bad of liquidity: The Delusion of Liquidity. You’ve heard the cries in every altcoin… | by Tellor Core | Tellor | Medium
What do you think of this proposal? Pros and cons? What would you change? How would you adjust the proposal to increase the success and sustainability of the Flash protocol?