[Community Farm] marmaj <> stNEAR

[Chloe]

From April - June 2022 there has been an active $marmaj Farm. This farm started out as an experiment with the goal of finding efficient methods of supporting our growing community. The Marma J Foundation has gone through many changes over the past few months. Most notably has been our transition from a personal idea/hackathon project into a legal Non-Profit Organization, registered in Canada.

[FARM] marmaj <> stNEAR - April

Project Description $marmaj is the utility token for the Marma J Foundation / marmaj DAO. $marmaj allows for the Marma J Foundation to distribute funding to various marmaj community projects through marmaj DAO proposals. By pairing marmaj with various community tokens, the marmaj community is able to efficiently support various projects within the NEAR ecosystem simply by using $marmaj as a fund distribution mechanism. The goal of the Marma J Foundation is to leverage Web3 tech for social goo…

---

Current token rewards: $REF / $xREF / $stNEAR / $AURORA / $PXT / $USN / $META / $marmaj

Goal: To max out unique number of tokens (16 or 32?) to create a curated list of ecosystem tokens (projects) that the marmaj Community can learn about, experiment with, and support. As the Marma J Foundation works to leverage Web3 for social good, we will continue to create educational content and guides to support the platforms we engage with; “teach a man, to teach a man, to fish” .

Rewards: The token rewards for the farm for pool 553 are pooled from a variety of sources

• The Ref DAO provides 819 $REF/week to the farm for pool 553 .
• The marmaj DAO holds quite a bit of $marmaj <> $stNEAR liquidity as well as some $marmaj tokens it uses to add 8.19 marmaj/week to the farm (plans to increase this to 81.9/week soon )
  
  
• The marmaj DAO also recieves tokens from marmaj.near (management/individually owned account, secured by ledger, to support the Marma J Foundation). The $AURORA tokens come from a previous investment into Aurora*.
• *Not really … Selling ecosystem tokens is no fun , so the tokens have been (and will continue to be) deposited into Aurora Plus or Burrow.cash and the rewards from these deposits are used for further rewards).
• Also, burrow.cash is where the $BRRR token rewards will come from .
• As well, marmaj.near has deposits (and borrows ) on the Burrow platform which generate $stNEAR / $META / $USN rewards (as well as others )
• The PixelDapps team has been gracious enough to distribute tokens to the marmaj DAO, so we send those to the farm on a monthly basis.

---

For the foreseeable future, the marmaj DAO plans to send Ref Finance (refchef.near):

• 8.19: $AURORA, $stNEAR, $marmaj, and $xREF per week (1.17/day - 36.27/month<>31 days)
• 81.9: $USN per week (willing to switch stables… )
• 819: $PXT, $BRRR, and $META per week

We are hoping to work with near-multicall in order to make the transfer of these FTs possible in one DAO proposal. (half an example: https://app.astrodao.com/dao/marmaj.sputnik-dao.near/proposals/marmaj.sputnik-dao.near-774)

More tokens will be added (and the current ones may be paused/halted) at the discretion of the marmaj Community/marmaj DAO.

[Chloe]

For the month of July, the marmaj DAO will send the following tokens to refchef.near:

1. marmaj reward to ref<>wnear with 2.714286 / day, sum to 84.14 for July,
2. marmaj reward to marmaj<>stnear with 1.17 /day, sum to 36.27 for July,
3. stnear reward to marmaj<>stnear with 1.17 /day, sum to 36.27 for July,
4. xref reward to marmaj<>stnear with 11.7 /day, sum to 362.7 for July,
5. meta reward to marmaj<>stnear with 117 /day, sum to 3627 for July,
6. pxt reward to marmaj<>stnear with 117 /day, sum to 3627 for July,
7. aurora reward to marmaj<>stnear with 1.17 /day, sum to 36.27 for July,
8. usn reward to marmaj<>stnear with 11.7 /day, sum to 362.7 for July,
9. brrr reward to marmaj<>stnear with 117 /day, sum to 3627 for July,

[Chloe]

For the month of August, the marmaj DAO will send the following tokens to the ref farming contract (rewards for 30 days):

$marmaj rewards in community farms

• $REF <> $wNEAR - 2.714286/day, 81.42858
• $REF <> $PXT - 1.17/day, 35.1

$marmaj <> $stNEAR farm rewards:

• $marmaj - 1.17/day, 35.1
• $stNEAR - 1.17 /day, 35.1
• $LiNEAR - 1.17/day, 35.1
• $AURORA - 1.17 /day, 35.1
• $USN - 11.7 /day, 351
• $xREF - 11.7 /day, 351
• $PEM - 11.7/day, 351
• $META - 117/day, 3510
• $PXT 117/day, 3510
• $BRRR - 117/day, 3510

Ref DAO also supports the farm with 117/day $REF, 3510

[Chloe]

For september 2022, the $marmaj <> $stNEAR farm will have the saem rewards as August

[Chloe]

For October 2022, we will be working to make the rewards for the marmaj <> stNEAR farm more efficient.

Generally we will be, increasing the $marmaj rewards, removing some token rewards that no longer make sense ($LiNEAR, $PEM, $BRRR, and maybe others), and hopefully adding token rewards on the future that continue to be closely aligned with the MJF .

October is expected to be a transitional period for the $marmaj farm on ref.

Hopefully, with the release of the veTokenomics update on Ref Finance, there will soon be multiple $marmaj farms available for the marmaj Community ($stNEAR, as well as a $USN farm )

[Chloe]

To add to the above post for October Rewards:

---

$marmaj rewards in community farms

• $REF <> $wNEAR - 2.714286/day, 84.142866

$marmaj <> $stNEAR farm rewards:

• $marmaj - 11.7/day, 362.7
• $AURORA - 11.7 /day, 362.7
• $USN - 11.7 /day, 362.7
• $Cheddar - 1170 /day, 36270
• $META - 1170 /day, 36270