SIP-X: #Demeter v1 Launch Spec🚨
Demeter is a no-code @Uniswap v3 farm launcher and DEX liquidity manager for DAOs.
Discuss the proposal here
forum.sperax.io/t/sip-x-demete…
Demeter use-case 🧵 1/9
Demeter is a no-code @Uniswap v3 farm launcher and DEX liquidity manager for DAOs.
Discuss the proposal here
forum.sperax.io/t/sip-x-demete…
Demeter use-case 🧵 1/9
XDAO, a new DAO, has a token called $XDAO
They are launching on @arbitrum & need DEX liquidity...
XDAO learns they must write/fork a farm contract for Uniswap V3, get it audited, deploy it, then advertise the farm to LPs.
This feels unattainable to the young team.
2/9
They are launching on @arbitrum & need DEX liquidity...
XDAO learns they must write/fork a farm contract for Uniswap V3, get it audited, deploy it, then advertise the farm to LPs.
This feels unattainable to the young team.
2/9
Instead, XDAO decides to use the #Demeter protocol!
Demeter automates launching the pool and farm contracts, then helps advertise the pool to attract LPs.
XDAO wants more emissions to increase TVL - so $XDAO is paired against $USDs to earn bonus $SPA form the gauge.
3/9
Demeter automates launching the pool and farm contracts, then helps advertise the pool to attract LPs.
XDAO wants more emissions to increase TVL - so $XDAO is paired against $USDs to earn bonus $SPA form the gauge.
3/9
Demeter Engineering Support
XDAO selects, Demeter builds.
- Token 1: $XDAO
- Token 2: $USDs
- Fee tier: 0.03%
- Price Range: $0 - $1 ($XDAO/USDs)(price today ~$0.15)
Reward Budget: 1,000,000 XDAO
Reward Rate: 2 XDAO/second
Reward Start Date: Oct 1, 2022
Deploy.
4/9
XDAO selects, Demeter builds.
- Token 1: $XDAO
- Token 2: $USDs
- Fee tier: 0.03%
- Price Range: $0 - $1 ($XDAO/USDs)(price today ~$0.15)
Reward Budget: 1,000,000 XDAO
Reward Rate: 2 XDAO/second
Reward Start Date: Oct 1, 2022
Deploy.
4/9
Demeter Marketing Support
After the farm is deployed, $XDAO / $USDs farm is featured on the public Demeter Farm dashboard and promoted on socials.
5/9
After the farm is deployed, $XDAO / $USDs farm is featured on the public Demeter Farm dashboard and promoted on socials.
5/9
https://twitter.com/SperaxUSD/status/1559541859990618119
Demeter Financial Support
When launching a farm with Demeter, XDAO gets financial support by pairing against $USDs
- No fee to use Demeter farm launcher
- $SPA emissions from $SPA gauge
6/9
When launching a farm with Demeter, XDAO gets financial support by pairing against $USDs
- No fee to use Demeter farm launcher
- $SPA emissions from $SPA gauge
6/9
Demeter Farm Management
XDAO specifies an address that manages the farm. A dashboard monitoring farm metrics help ensure deep liquidity and low slippage for $XDAO token.
Manager (wallet, multi-sig, DAO) can adjust emissions rate and budget to tweak APR & TVL of the pool.
7/9
XDAO specifies an address that manages the farm. A dashboard monitoring farm metrics help ensure deep liquidity and low slippage for $XDAO token.
Manager (wallet, multi-sig, DAO) can adjust emissions rate and budget to tweak APR & TVL of the pool.
7/9
Why is this needed?
Arbitrum projects have confirmed, the ability to easily launch farms was the main reason to launch on SushiSwap.
Sushi TVL: 89M
Uni v3 TVL : 72M
Demeter makes concentrated liquidity easy, upgrading the Arbitrum experience for users and protocols alike.
8/9
Arbitrum projects have confirmed, the ability to easily launch farms was the main reason to launch on SushiSwap.
Sushi TVL: 89M
Uni v3 TVL : 72M
Demeter makes concentrated liquidity easy, upgrading the Arbitrum experience for users and protocols alike.
8/9
Demeter = more $USDs trading pairs = $USDs TVL increase = protocol revenue increase = better $SPA incentives = more $USDs trading pairs, etc.📈
This generates revenue for Auto-yield, $SPA buybacks and burns🔥
Get #Demeter questions answered on discord! discord.gg/sperax
This generates revenue for Auto-yield, $SPA buybacks and burns🔥
Get #Demeter questions answered on discord! discord.gg/sperax
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