What is Pact:
Pact is a decentralised exchange (DEX) known for its deep liquidity and user-friendly smart contract capabilities. Our platform caters to traders of all backgrounds, offering seamless asset trading. Leveraging the speed and cost-effectiveness of the Algorand blockchain, Pact provides a 24/7 trading experience, with transactions completing in seconds at a fraction of a cent.
Summary:
Pact’s focus will still remain on Stable Swaps, RWA’s and large key assets but taking community feedback in to account the following adjustments have been made:
- 1. Reduction or removal of rewards to some tokens.
- 2. Defragmenting of liquidity by removing some smaller pool rewards to concentrate on more significant pools.
- 3. Deepening of rewards for key pairings.
Algorand Foundation’s key goal for the program this year is onchain transactions. Though defragmenting may result in a lower transaction increase from the previous Epoch, the Pact team will review results at the end of this quarter. There will be increased rewards (in key pairs) where Algorand & Pact can be market competitive via incentives, with a desired outcome of higher amounts of trading in significant assets, allowing more utility for current Algorand users and enticing new liquidity to the ecosystem. Additionally, there have been reductions and removal of rewards to certain tokens, this has been based directly on community feedback to not support certain tokens or reduce allocations to specific tokens. Pact sees the strong incentive for user growth as the success of native protocol tokens, Pact will look to review plans around supporting native protocol tokens, while continuing to develop it’s key strategy as a leading DEX protocol. Finally, PACT will continue to work collaboratively with both Humble & Tinyman (this will benefit the entire ecosystem , DeFi and the broader community).
As a decentralised exchange deeply integrated with the Algorand ecosystem, all rewards generated on Pact are distributed through Pact farms. Collaborations continue with other protocols to co-incentive and implement marketing strategies to enhance the program’s effectiveness. Including partnerships with Folks Finance, xBacked, Algomint, ASAStats, Meld Gold, X-NFT, Stasis, DeFly and more. These collaborations aim to co-incentivize specific trading pairs and facilitate joint strategies, further enhancing the appeal and functionality of the Pact platform.
Allocation:
Amount: 1,504,544
Rewards will be distributed via: Pact.fi Reward Wallet
