Proposal for adding ETH-MAP, USDC-MAP liquidity APY 580% on Uniswap
Proposer: Core dev team
Proposal: A proposal to add eth-map transactions on Uniswap to give 580%APY of liquidity。
Source of funds: DAO treasure
MAP as a decentralized cross-chain project, aims to provide users with decentralized cross-chain transaction services. This mission requires $MAP token to have liquidity in the world’s most mainstream decentralized exchange Uniswap, in order to allow decentralized natives to easily use $MAP for crosschain.
According to the observation and data analysis of the liquidity APY of other projects, we propose to set the initial APY to 580% to attract the community to actively participate in the addition of liquidity.
Voting period: 5 days
Voting date: 09:00, January 25, 2022 — 09:00, January 30, 2022 (Singapore time)
After the proposal is passed, the core dev team will start the development of related contracts, and it is expected that the contract development time will take one week.
In order to celebrate the official implementation of MAP DAO, the core dev team will airdrop to the community voting users after this vote to celebrate. Community users in this voting will receive 80k $MAP tokens from the MAP core dev team. (This does not occupy from the community DAO treasury, it is rewarded by the core developers.)
About MAP Protocol
MAP Protocol is the omnichain layer for Web3 with fully secure cross-chain communication built on Light-client and zk-SNARK technology. MAP provides the cross-chain infrastructure to public chains and dApps by connecting both EVM with non-EVM chains. Developers can access a full suite of SDKs so their dApps can easily become omnichain applications.