Hello! We are StableXSwap, a stablecoin-focused swap on BSC. We've been in talks with David and the Qian Protocol team for a long time now and are big fans of the work that you all have done in building this ecosystem.
We previously discussed some liquidity mining rewards for users to come and deposit QUSD into stable pools on StableXSwap
As most recently stated, the rewards would be:
So the new proposed LP mining rewards for StableXSwap trading pairs:
- QUSD/BUSD, QUSD/USDT : each pair 888 KUN/day, for 14 days
- QUSD/USDC, QUSD/DAI : each pair 388 KUN/day, for 14 days
Our new swap has now also been audited, https://medium.com/stablexswap/stablexswap-completes-smart-contract-audit-review-with-attic-lab-general-contract-updates-2b6d2e09c0c4, so we think it is safe to also request that there can be some higher rewards since we have invested more time into making sure that this venue is a secure venue for users to park their funds into, but we will allow the community to decide how we can do this. Perhaps we can start with the proposed rates of deposits first, and adjust according for additional rewards in the future.
Instead, I would also like to encourage trading volume for QUSD, and provide some joint STAX and KUN trading competition rewards for the traders who participate in trading QUSD:
Key metrics would be
- increasing number of active addresses of QUSD on StableXSwap
- increasing overall volume, which will boost rewards for users who provide QUSD as liquidity
We propose putting together a reward of up to $1000 of rewards paid in STAX as the initial trading competition rewards, based total trading volume generated by QUSD pairs.
We will put up a $100 reward for every 1M traded on StableXSwap, which will be given out in a lucky draw, with a user's probability of winning proportionate to their trading volume.
If we see $1M in trading volume, the prize would only be $100, but
if we see $10M in trading volume for QUSD over the first two weeks of the pools inception, we would put up $1000 STAX in rewards. $1000 in STAX would the the upper limit for now, with room for future promotions and more prizes if volume gets bigger!
We would love to have some KUN rewards to go along side this promotion as well, so we are aligned in getting as much volume and usage of QUSD on BSC as possible.
Again, we would love to talk more to the community and hear the best way to work together.
StableXSwap <3's QUSD