Hello,
Appreciate all your proposal/response! I agree with most of the points discussed above. Also, yes, indeed liquidity is >300k now
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 acquire /offloading and strategizing for a long-term positioning of BRRR.
BRRR Liquidity Injection Plan (3 steps):
-
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. -
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. More details can be found on the actual proposal I put up. -
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.