Swapr Nov 25th 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 November 25th, 2021, launching at 15:00 UTC.

Fundamental changes

There are a few larger changes that have been moving through governance in this period:

• Reminder: xDai Allocation from 10% to 20% — xDai has exploded relative to its own ecosystem and percentage allocation of SWPR emissions. This change was made to further Swaprs commitment to xDai.
• Single-sided staking — This topic has sparked a lot of debate in the community. It is now available as a snapshot proposal, to be voted on here until Nov 30th, and presumably implemented in the following weeks depending on the vote.
• Carrot — Tune in to DXdao socials for a very special announcement surrounding the upcoming epoch. Looking for a hint? Take a look around DXdao.eth…🥕

Arbitrum Epoch 6

Epoch 5 had some larger changes, since then some pools have risen above the rest. (Cough, cough,🦡). Important to note that SWPR/ETH, USDC/ETH, ETH/WBTC, DXD/ETH, and CRV/ETH were deployed with a 4 week cadence, meaning the campaigns will continue to flow seamlessly and cannot be adjusted this epoch. The following allocations were changed, with other Arbitrum allocations remaining the same:

• DAI / ETH from 5% to 3% — DAI continues to struggle within the Arbitrum ecosystem. This further reduction will hopefully balance the difference between the two pairs (USDC).
• LINK / ETH from 4% to 5% — LINK is picking up! This slight boost will help the community to further thrive on Swapr.
• MKR / ETH from 1.5% to 1% — Some underperformance here, a hopefully temporary reduction should give leeway for the community to play catchup.
• GNO/ ETH from 1% to 0% — This pool has struggled to attain any meaningful volume and TVL on Arbitrum… BUT! There have been recent discussions about an xDai and Gnosis merger. This allocation has been moved over to xDai, at least temporarily.
• ibBTC / ETH from 8% to 6% — ibBTC was added as part of a collaboration between BadgerDAO and Swapr. Unfortunately, it has struggled, likely as a result of the asset only being bridged to Arbitrum recently. Instead of removing this allocation, the community decided to shift it temporarily to the Badger pool…
• BADGER / ETH from 4% to 8% — Badger was added as a result of the above collaboration, and wow! The community has hit the ground running with this pool, currently fighting for the 2nd largest position on Swapr Arbitrum. To further support BADGER the community proposed shifting 2% temporarily from ibBTC, and additionally adding a further 2%.
• Unallocated from 0% to 2% — 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 2% has been added to the unallocated fund until the next epoch, where rewards can once again be added to the 5 strongest pairs.

Mainnet Epoch 4

Mainnet farms launched on October 14th, 2021 with the first four epochs combined to remain gas conscious. As a result, there are no changes in this epoch.

xDai Epoch 4

xDai will be seeing relatively smaller changes, as a result of some larger changes in the previous Epoch. Remember, the xDai chain-specific allocation doubled in the previous period, from 10% to 20% of the total rewards. The following allocations were changed, with other xDai chain allocations remaining the same:

• WBTC / WETH from 12.5% to 10% — Another slight reduction so this pair can catch up to the rest.
• STAKE / XDAI from 11.5% to 10% — See above, a slight reduction for catch up purposes.
• GNO / XDAI from 0% to 2% — This pair is being introduced based on the xDai and Gnosis merger discussion. More context here.
• GNO / STAKE from 0% to 2% — This pair is being introduced based on the xDai and Gnosis merger discussion from above. Both these pairs are being added, but they may be shifted around based on community discussion.
• SWPR / XDAI — Added a Carrot 🥕.
• DXD / WETH — Added a Carrot 🥕. Tune into the DXdao socials to learn what this means first!

Conclusion

Arbitrum Epoch 6, Mainnet Epoch 4 and xDai Epoch 4 will start Thursday November 25th 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