Swapr Dec 9th Farming Rewards

Bi-weekly recap of upcoming SWPR token release schedule

Welcome to another week of Swapr farming rewards on Arbitrum, xDai and mainnet! This bi-weekly series will detail the changes and finalized allocations of all active SWPR distribution methods. Swapr Farming Campaigns initially launched on 2021/09/16 at 15:00 UTC on Arbitrum, with Mainnet and xDai starting shortly thereafter. Without further ado, let’s hop into the emissions for December 9th, 2021, launching at 15:00 UTC.

Fundamental changes

Mostly reminders this week on the large fundamental changes front:

• Epoch Extensions for December — The holiday season is ever-approaching, and the community wanted to mitigate user active fund management around this time. Proposals are moving through governance now to extend strong Arbitrum campaigns from Dec 9th to Jan 20th. All other pairs on Arbitrum and xDai will run from Dec 9th to Dec 23rd, before being extended from Dec 23rd to Jan 20th.
• Single-sided staking — LP’s were locked out of the initial vote. Despite passing, the community wants to run the vote a second time while including LP’s, and collecting more feedback from negative voters.
• Carrot — The very first Alpha Carrot campaigns launched last Epoch, and will run throughout the remainder of the coming Epoch. Keep an eye out for additional Alpha Carrot campaigns in the coming weeks. 👀

Arbitrum Epoch 7

As mentioned above, there aren’t many allocation changes. However, there are several epoch extensions worth talking about:

• SWPR / ETH extended to 3 Epochs — The coming SWPR / ETH campaign on Arbitrum will start on December 9th at 1500 UTC, and end on January 20th at 1500 UTC.
• USDC / ETH extended to 3 Epochs — The coming USDC / ETH campaign on Arbitrum will start on December 9th at 1500 UTC, and end on January 20th at 1500 UTC.
• LINK / ETH from 5% to 4% — A minor reduction here, allowing the LINK community to catch-up. Pool activity has been volatile.
• ETH / WBTC extended to 3 Epochs — The coming ETH / WBTC campaign on Arbitrum will start on December 9th at 1500 UTC, and end on January 20th at 1500 UTC.
• DXD / ETH extended to 3 Epochs — The coming DXD / ETH campaign on Arbitrum will start on December 9th at 1500 UTC, and end on January 20th at 1500 UTC.
• CRV / ETH extended to 3 Epochs — The coming CRV / ETH campaign on Arbitrum will start on December 9th at 1500 UTC, and end on January 20th at 1500 UTC.
• ibBTC / ETH extended to 3 Epochs — The coming ibBTC / ETH campaign on Arbitrum will start on December 9th at 1500 UTC, and end on January 20th at 1500 UTC. This facilitates an easier process for the Badger vaults.
• BADGER / ETH extended to 3 Epochs — The coming BADGER / ETH campaign on Arbitrum will start on December 9th at 1500 UTC, and end on January 20th at 1500 UTC. This facilitates an easier process for the Badger vaults.
• Unallocated from 2% to 3% — Occasionally, as a result of governance or partner processes, some SWPR tokens cannot be deployed on time. This has resulted in an “Unallocated” fund that is tracked cross-chain, and utilized as a contingency for larger initiatives. The final 3% has been added to the unallocated fund until the next epoch, setting a small portion of tokens aside to be delegated to new Arbitrum projects.

Mainnet Epoch 5

The first 4 Epochs on Mainnet were deployed in one batch, formally ending on December 9th. Four additional Epochs of distribution for mainnet are being deployed, saving on gas costs for potential depositors:

• SWPR / ETH from 60% to 55% — Mainnet Swapr rewards are slightly overtuned. This slight reduction will help to reach parity between other allocations.
• DXD / ETH from 25% to 35% — DXD needs mainnet liquidity, and what better place than on Swapr? Rewards have been slightly increased to incentivize additional DXD liquidity on mainnet.
• DAI / ETH from 15% to 10% — This pair was slightly reduced as a result of questionable performance. It is however worth noting, that this is likely a result of unjustifiable mainnet fees. The community will be monitoring mainnet performance closely to determine how to move forward with the network.

xDai Epoch 5

xDai will once again see smaller changes in this period, with the newly launched Carrot campaigns continuing to progress:

• SWPR / XDAI Carrot — The SWPR / XDAI pair continues to distribute Carrot reward tokens. You can read more at the Carrot announcement.
• DXD / WETH Carrot — The DXD / WETH pair continues to distribute Carrot reward tokens. You can read more at the Carrot announcement.
• CRV / XDAI from 0% to 1% — This pool is being tested as a result of CRV emissions on xDai. The community will be monitoring its performance over the next few periods.

Conclusion

Arbitrum Epoch 7, Mainnet Epoch 5 and xDai Epoch 5 will start Thursday December 9th at 1500 UTC. Feedback and suggestions can be made with the Swapr channels on Discord and throughout the DXdao forum. Tune into the weekly DXdao community call to beat the crowd!

About Swapr: Swapr is a multi-chain automated market maker (AMM), deployed on Ethereum mainnet, xDai, and Arbitrum. Swapr is the first AMM to allow for adjustable swap fees through governance, as well as the first DAO deployed DeFi protocol on Ethereum; developed organically within the DXdao community.

Connect with Swapr: Discord, Twitter, Telegram

Connect with DXdao: Discord, Twitter, Telegram, Keybase, DAOtalk Forum