Users own a piece of the puzzle who contribute to assembling our ecosystem.
In this article, we introduce a completely novel innovation on how to distribute LP fees to those who choose to partake in the patrician’s preference of LP fee sharing.
We will be introducing LP fee sharing to OasisSwap, so that our community can benefit from the protocol’s revenue and entire Trident ecosystem in a direct way.
The OasisSwap DEX is a community-centric DEX, built to supercharge the engine of our chess game we play together, to change the crypto gaming industry for the better, as well as the overall gaming industry.
The series of articles being released over the coming days prior to the soon occurring launch is only the early-game for our strategy to apply turbo cylinders on the Trident ecosystem vessel.
This is only the second article in that plan, hot off the anvil of Geyser Forge.
Tl:dr
OasisSwap DEX will have LP fee revenue sharing based on a tiered system.
- PSI Staking Tiers / Staking Pool (Tier Table and Fee Revenue Share Breakdown Below)
- Staking seed tokens for OasisSwap LP Fee Share Revenue
- Revised vesting for groups that seeded earlier than Open-Round seed investors
The “DEX Fee Ownership Model”.
A community centered DEX should have community centered models, just as our RiskToEarn economic gaming model is set up.
This model falls in line with the Trident ecosystem ethos, as all things should under the Trident tool and development suite.
This fee tier system outlines what OasisSwap users can expect as far as LP fee revenue share.
In the 3rd column, showing “DEX Fee Ownership”, this % is the percentage amount of the total X% devoted to fee sharing.
Example:
If there are two people in the highest tier, then the entire 5% is divided between those two people, so each person in that tier gets 2.5%
The folks of the highest tier are counted in the calculation for the LP fee share of all the tiers below.
This means that, if there are:
- 100 people in the 0.75% fee tier
- 50 people in the 0.5% fee tier
- 25 people in the 0.3% fee tier
- 12 people in the 0.25% fee tier
- 6 people in the 0.2% fee tier
- 3 people in the 0.15% fee tier
- 1 person in the 0.1% fee tier
Then, there are a total of 197 people in the tiers that are eligible for fee shares.
The LP fees from the DEX are split up, so that the entire eligible fee share groups divide up X%/100% of all the LP fees. The division of that X%, is according to the respective tier.
This means that:
- 0.75% tier collectively receives 10% of the X%, then, that X% is divided amongst the total amount of eligible fee receivers.
- 0.5% tier collectively receives receives 15% of the X%, then, that X% is divided amongst the total amount of eligible fee receivers, minus the 100 people in the 0.75% fee tier.
- 0.3% tier collectively receives receives 20% of the X%, then, that X% is divided amongst the total amount of eligible fee receivers, minus the 150 people in the 0.75% & 0.5% fee tier.
- 0.25% tier collectively receives receives 20% of the X%, then, that X% is divided amongst the total amount of eligible fee receivers, minus the 175 people in the 0.75%, 0.5%, and 0.3% fee tier.
- 0.2% tier collectively receives receives 20% of the X%, then, that X% is divided amongst the total amount of eligible fee receivers, minus the 187 people in the 0.75%, 0.5%, 0.3%, and 0.25% fee tier.
- 0.15% tier collectively receives receives 10% of the X%, then, that X% is divided amongst the total amount of eligible fee receivers, minus the 193 people in the 0.75%, 0.5%, 0.3%, 0.25%, and 0.2% fee tier.
- 0.1% tier collectively receives receives 5% of the X%, then, that X% is divided amongst the total amount of eligible fee receivers, minus the 100 people in the 0.75%, 0.5%, 0.3%, 0.25%, 0.2%, and 0.15% fee tier.
If the highest tier has no folks in it, then that % devoted to the tier (5% for the final tier), then that % is distributed to all the tiers below it. (in the chart, it is the tier above, tiers are incremented from the top of the chart, down to the bottom of the chart.)
Fees will be incurred upon the user at a flat rate of 1%, regardless of tier, and depending on the tier the user is in, they will receive a rebate.
Rebate = (1%) — (X%)
X% is the respective tier’s trading fee.
In the highest tier, this X% is 0.1%, meaning the immediately available rebate is 0.9%.
In the lowest tier, this X% is 0%, meaning the user pays the full 1% with no immediately available rebate available.
Example:
A user in the highest tier (at the bottom of the chart above), has a trading fee of 0.1%.
They pay a 1% trading fee upon executing a trade on OasisSwap.
Then, through our UI, they claim their rebate, which, in this specific tier, would mean they are refunded 0.9% of the fee they paid upon execution.
This means, upon claiming their rebate, they will have paid a 0.1% trading fee.
Rebate fee claiming has absolutely no locks or vesting. Rebates are available for immediate claim upon trading execution.
We will expand upon all of these details, as well as staking opportunities for seed investors to participate in our OasisSwap mechanics.
Upcoming topics in subsequent articles include some of the items on the below list, which is a non-exhaustive list of everything we will cover in the coming days.
- PSI Burn Projections
- What is “Blitz”
- PSI Staking Details for Fee Share and other rewards (No PSI emissions.)
- INK Airdrop details
- Loot Box details
- Multiplier bonus’ for INK’s Composite Score Bell-Curve Sybil Resistant Airdrop
- INK Token Distribution
- More
Revised Vesting for Early Grass Roots Contributor Round
Folks who participated in our Discord round, as well as a Whitelisted round for members of the community who helped out at a vital time during our inception, will be receiving a different vesting schedule than those who bought PSI in the open rounds we had at seed. Both these rounds were very limited, and closed earlier than they were supposed to run. Most of the tokens created before Arbitrum were from Open Rounds @ 0.22 per PSI.
Those folks will receive a 6 month cliff, then 18 month linear vest, with the ability to unlock X%, up to 10% max, of their current holdings, if they buy open market PSI. Any of the X% they buy, is then vested for 30 days, and after that first period is over, the X% from their seed tokens will unlock over a second 30 day linear schedule. This special mechanic has been previously outlined in our first Arbitrum tokenomics article in further detail.
These groups will also have a 1% immediate unlock of their tokens on or shortly after OasisSwap launch. This is so they can participate in the incentives programs in a meaningful way.
The team as of these changes, must also now vest for much longer than previously outlined.
Team vesting changes are the following:
- 6 month cliff
- 20 month linear vest
- 10% immediate unlock.
We can strongly justify, and have already proposed the extra immediate unlock of tokens to the team.
The reasoning is, so that we can also participate and triple down on our protocol in a sturdy and powerful way, by staking that PSI we receive, using it to market make and provide healthy action on the charts, as well as have it aside should we decide to perform valuable OTC’s with exchanges when we want to preserve treasury funds for our future game rewards via tournaments and whatnot.
