[Farm] Sauce & Stablecoins

Farms
1

gm fam,

It’s time to build stablecoin liquidity on NEAR.

The fundamental value to the DeFi ecosystem is its composability, and we start to see composable value on NEAR now. There are Burrow.cash launching early next year to establish money market on NEAR, and there is recently launched collateral stablecoin lending protocol, OIN finance.

We have added a little bit sauce to the stablecoin market by launching “Sauce” feature on Ref.finance, that would allow trade between USDt, USDc, and DAI on NEAR with very low slippage and no impermanent loss for stablecoin LPs. Together we are going to build a huge stablecoin reserve on NEAR.

Hence we propose:

  1. to allocate about 73,550 $REF token to Sauce until 1st Feb, to incentive stablecoin liquidity provision on Ref.

Here are the details:
The first farm cycle for Sauce, starts on Friday, 24th December, 1am UTC, until Tuesday, 1st Feb, 1am UTC.

There will be 2x farming incentive for the first 2 weeks, hence 9,582 * 2 = 19,164 Ref per week
and followed by 9,582 Ref for the remaining 25 days.

  1. to allocate 2, 26,693 $REF to USDO <> wNEAR pool until 1st Feb, to build towards a stronger connection to OIN.finance.

Here are the details:
The first farm cycle for USDO <> wNEAR, starts on Friday, 24th December, 1am UTC, until Tuesday, 1st Feb, 1am UTC.

This farm will have 4,791 $Ref per week for the whole period.

  1. we have noticed about 1,000,000 OIN token has been allocated to NEAR ecosystem to incentivize NEAR users. We want to welcome OIN holders to come over NEAR ecosystem and join our NeFi community. Hence, we want to start with allocating 16,017 $REF to the OIN <> wNEAR/stNEAR pool to build a market for $OIN reward collector on NEAR, and also welcome OIN community members to move to the NEAR ecosystem.

Here are the details:
The first farm cycle for OIN <> stNEAR, starts on Friday, 24th December, 1am UTC, until Tuesday, 1st Feb, 1am UTC.

This farm will have 2,875 $Ref per week for the whole period.

Please feel free to make any comments.

Let’s build more stablecoins community!!!

Refchef

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