Thread by @SocialKiqs

Here we are Swappers!

I already made this thread in French but this proposal is so interesting that I have to share it with as many people as possible!

The next level for #Paraswap

Spoiler Alert : I voted YES 😏🪔⬇️🧵

https://twitter.com/S3B_eth/status/1491696897127763972

Let me explain to you the most expected proposal at #Paraswap: The Gas Refund Proposal 🔥

Before we get into the nitty gritty, for those of you who are new, let me give you a reminder of what #Paraswap is 😌
Yes it's never too late to learn! (Or refresh your memory!)

To put it simply, #Paraswap is a DEX aggregator!

Its job is to find the best price on our trades, even if it means splitting the liquidity between different DEX (#uniswap, #sushiswap, #curve etc) ✨

Unlike its competitors, #Paraswap charges NO fees to its users (yes yes you read that right) and yet provides the best prices!

But by what dark magic?? Let's answer it together 😌⬇️

The special thing about #Paraswap is that in addition to having complex and powerful algorithms, #Paraswap has what we call "ParaSwapPool" 😌
Don't go running off! This is where it gets really interesting!

So like I said, ParaSwapPools allow #Paraswap to offer prices that defy all competition!

How do you do it? Very simple! Behind these ParaSwapPool are professional Market Maker providing OTC deals on chain! 🤯 (Like @wintermute_t or @ResearchKronos )

⚠️ But what is a Market Maker? ⚠️

Well it is a professional who is responsible for maintaining the price of an asset. In order to do so, he must receive a lot of volume!

That's why #Paraswap provides the volume in exchange for great prices to offer you 😉

Pfiuu good this was just the appetizer! I hope I didn't lose anyone!

The current system works great! Without any special marketing, #Paraswap is on par with protocols that have dedicated communication teams because simply put, prices don't lie! 😏

Nevertheless with the appearance of the $PSP token, we can boost the volumes of these market makers 😏🔥

Ladies and Gentlemen, get ready to see an unchallenged domination : The Gas Refund Proposal ⬇️

But first I want to thank here all the active members of the forum, discord and especially @S3B_eth and @mounibec ours giga chad brains! 🥂

The idea is simple! Allow $PSP stakers to get a refund of their gas fees based on the amount stake!

This would include all fees: trade, stake, reverted txs, #NFTs etc...
All $PSP stakers would benefit from this right! But what if this same right could be rented...? 🤔

This would therefore offer the possibility to have gasless trades, all without being exposed to the $PSP token!!!

Think of it as a kind of subscription to be able to trade without worrying about gas 😎

Now a little practice 🧠 :

➡️By staking our $PSP, we would generate Renting Right PSP, $rrPSP

➡️This $rrPSP would be determined by the time spent at stake and the number of $PSP stake

➡️This would therefore be a representation of our % in a "Renting Pool"

➡️ This Renting Pool would thus be filled with $rrPSP where each person wanting to make a gasless trade would come and take $rrPSP, destroying it in the process!

So we are talking about Flash Rent! Borrow the right to repay, make your trade, and destroy the associated $rrPSP, all in one TX!

Why is this so incredible? Because we are opening up a WHOLE new market!

#Paraswap would then introduce #NFTs with different tiered thirds allowing for more or less $rrPSP to be borrowed! 😏

#Yearn, #BIFI would then have every incentive to go through #Paraswap ✨

🟢The advantage for stakers is that they would earn a commission on trades

🟢 The protocol would attract even more traders/market makers

🟢 Users would get the best prices in the market without any discussion 😉

Congratulations if you made it this far, you deserve a little alpha 💎 :

How to get the famous #Paraswap's NFT to benefit from the gas refund proposal ? ⬇️

∆ Being a $PSP staker (depending on the amount)

∆ Buying a #NFT of Level 1-4

∆ Free minting a #NFT of Level 1-4 based on transaction History !

Yes ! You read that right ! Just by using the protocol (without trying to manipulate it 😉 ) you will be able to benefit from one of these #NFTs

This time everything is transparent and the future looks exciting with #Paraswap ✨

Link to the proposal
➡️gov.paraswap.network/t/psp-ip-13-ga…

Link to the discord to come live the #Paraswap adventure with us
➡️ discord.gg/wuk5EENA5D

Link to the vote
➡️snapshot.org/#/paraswap-dao…