TLDR Suggest the tokens that you would like to see added to DeversiFi when AMMs and liquidity mining launches
In a few weeks time, DeversiFi will be launching Layer 2 AMMs. AMMs are powerful tools that offer the following benefits:
- New Tokens - The ability to list new tokens that DeversiFi cannot currently aggregate liquidity for from external markets
- New LPs and DVF Distribution - Attract new liquidity providers for the first time, bringing a whole new set of potential community members to the DeversiFi platform and protocol.
- Fair Rewards: Allow users with small portfolios to participate in providing liquidity, and earning DVF - without paying gas thanks to Layer 2.
- Fees to xDVF holders: A portion of AMM pool fees could be earned by xDVF token holders (this would need a governance vote to enable in the future)
In order to kickstart the new DeversiFi AMMs, a three month liquidity mining program will be put in place to reward LPs who provide liquidity. More specific information on the liquidity mining program will be available shortly
The launch will consist initially of 18 pools. This is where you come in! There will be a governance vote on Snapshot where the community will be able to vote for the pools that it would like to see added. This can also include pools for tokens that are currently already listed on DeversiFi with order-books which could have their current liquidity augmented by AMM markets!
NOTE: This vote will not be binding, but is simply to signal DVF holder’s preferences so that DeversiFi Labs can make an initial selection. In future rounds it will be possible for the governance module to directly select AMM pools to receive liquidity mining rewards.
9 Pairs Chosen By the DeversiFi Team
There will be 9 pools that DeversiFi Labs considers strategic and should be added. These are all large market-cap ‘blue chip’ tokens, with active token communities that can provide liquidity, and in some cases are not already trading on DeversiFi.
9 Pairs Chosen By xDVF Holders
The remaining 9 tokens will be voted on by xDVF holders. A Snapshot proposal will be submitted in two days time where you can upvote the pairs that you would like to see added first. This is your chance to add the tokens that you would like to LP & trade. The top 9 pairs will be added, pending a final veto from DeversiFi Labs after due diligence checks.
Have you got pairs you’re desperate to LP & trade on DeversiFi and want to see them added to the snapshot vote? Then please leave a comment with the token in the thread below as well as detailing the reason why you think the token should be added to DeversiFi. Make your case to DVF holders to ensure your token has a good shot at making the cut.
The initial list is as follows:
AXS/ETH Axie Infinity
YGG/ETH Yield Guild Games
RAI/ETH Rai Reflex Index
RGT/ETH Rari Governance Token
ALPHA/ETH Alpha Finance
REN/ETH Ren Protocol
UMA/ETH Uma Protocol
AMP/ETH AMP Finance
PERP/ETH Perp Protocol
OHM/ETH Olympus DAO
The following tokens can not be added to DeversiFi and will not be added to the Snapshot vote:
- Security tokens
- Leverage or index tokens
- Non-ERC20 tokens
- Tokens that are not trading yet
- Tokens with a very concentrated distribution
All the new pairs will be against ETH initially unless a strong case can be made to list them against a stablecoin.
Hop into the driving seat and have your say now