Pact’s Enhanced Direction: Leveraging Targeted DeFi Rewards
Pact stands as a decentralized exchange (DEX) renowned for its robust liquidity and intuitive smart contract capabilities. Our platform serves traders of diverse backgrounds, offering seamless asset trading experiences. Powered by the efficiency and cost-effectiveness of the Algorand blockchain, Pact ensures round-the-clock trading, with transactions settling in seconds at minimal costs.
Focus:
Pact as a platform has a strategic focus on stable swaps, RWA’s and stable coin pairings.
Summary:
While retaining Pact’s core focus on Stable Swaps, Real-World Assets (RWAs), and stable coin pairings with major assets, we’ve embraced community feedback to refine our approach. Here are the key adjustments:
- Refinement of Token Rewards: Reduction or elimination of rewards for select tokens based on community feedback and strategic considerations.
- Liquidity Optimisation: Streamlining liquidity by reallocating resources from smaller pool rewards towards more significant pairs, enhancing overall liquidity depth.
- Enhanced Rewards for Key Pairings: Deeper incentives for crucial pairs to bolster liquidity and trading activity, aligning with Algorand Foundation’s emphasis on on-chain transactions. This includes a change to incentivise goBTC & goETH paired with stable assets in place of ALGO
Aligning with Algorand Foundation’s Objectives:
Pact is aligning its strategies with the latest Targeted DeFi Rewards (TDR) principles introduced by the Algorand Foundation, which have unveiled a fresh TDR framework. Our efforts at Pact are geared towards achieving key metrics outlined in this framework, such as augmenting user numbers and amplifying transaction volume, both in terms of the number of transactions and their corresponding dollar value.
Future Outlook:
In our pursuit of fostering user growth, we recognise the pivotal role of native protocol tokens. Pact will reassess plans for supporting these tokens while advancing our core strategy as a premier DEX protocol. Collaboration remains central to our ethos, and we will continue to collaborate with Humble and Tinyman, benefiting not only the DeFi space but also the broader community.
Collaborative Efforts:
Pact remains committed to fostering partnerships to amplify our impact and effectiveness. Collaborations with Folks Finance, xBacked, Algomint, ASAStats, Meld Gold, X-NFT, DeFly, and others aim to co-incentivize specific trading pairs and devise joint marketing strategies, elevating the appeal and functionality of the Pact platform. Through targeted DeFi rewards and strategic collaborations, Pact aims to fortify its position as a cornerstone of the Algorand ecosystem, driving increased liquidity, trading activity, and user engagement.
Allocation: 1233460 $ALGO
What will be incentivised and where:
Rewards will be distributed via: QHIPSR26IFUOAIZF2KTI7LJQWVLBJCYFOD2VVPT5DPYGILKFMPETKOD36Y
* 30,000 Algo will be split between 2 initiatives:
1) 20,000 ALGO will be used for the Folks Finance, community coin contest.
2) 10,000 ALGO is to generate content showcasing the difference between LP farming SOL/USD and AVAX/USD in their respective ecosystems. The intent of this is to show the strength of rewards on offer and the benefits of farming when powered by the AVM.
