BRRR Liquidity Injection Plan

Hello all,

Following the conversation from Proposal: Provide $BRRR liquidity on Ref from Burrow treasury - #12 by lokpray, on behalf of the Ref team, we have also noticed the lack of overall BRRR liquidity and have since developed a plan:

The TLDR takeaway:
- Traders: Expect lower slippage and significantly more liquidity.
- LPs: Anticipate substantial incentives incoming to subsidize IL.
- Whales: Please contact us (start a ticket on Discord or join the Telegram group Telegram: Contact @ref_finance) so we can collaborate and assist you in acquiring /offloading and strategizing for a long-term positioning of BRRR.

BRRR Liquidity Injection Plan (3 steps):

  1. Deploy 100k in the NEAR<>BRRR LP pool:
    a. Withdraw 50k (in USD) of NEAR from Ref’s treasury.
    b. Withdraw 50k (in USD) of BRRR from Burrow’s treasury.
    c. Provide a total of 100k (in USD) to the NEAR<>BRRR pool.
  2. Deploy 100k of BRRR in the form of a sell limit order on the NEAR <> BRRR pool:
    a. 100k (in USD) of BRRR will come from the Burrow treasury. Assuming the price is at $0.004, we propose to allocate 25M $BRRR tokens.
    b. Divide the 100k (in USD) into 10 chunks. with the following limit prices:
Fully Diluted Market Cap of BRRR (in USD) 4M 4.5M 5M 5.5M 6M 6.5M 7M 8M 9M 10M
Price of BRRR (in USD) 0.004 0.0045 0.005 0.0055 0.006 0.0065 0.007 0.008 0.009 0.01
Limit order amount (in BRRR) 2.5M 2.5M 2.5M 2.5M 2.5M 2.5M 2.5M 2.5M 2.5M 2.5M
  1. Add incentives to the BRRR <> NEAR pool with $REF as a farming incentive:
    a. We are targeting a projected TVL of >700k (in USD) with an estimated incentive reward of up to 75% APR in the farming pool for one month. The exact details/structure of the incentive will be further discussed internally.