Hi frens,
A. Proposal
I would like to suggest the creation of two TRI <> REF pools, one on Ref, the other on Trisolaris.
In addition to tightening our relationships and strengthening our legacy positioning within the ecosystem, I see a strong value proposition at the intersection of our communities and both pools:
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More utility through direct trading and liquidity options for TRI and REF holders, one token allowing direct access to the other’s ecosystem, and vice versa
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Increased REF and TRI liquidity/market depth, providing both a better price impact (pools being potentially leveraged by the Auto Router)
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Unique pool/liquidity properties within the ecosytem, with two correlated value propositions (AMM) in the same pool (! Note: similar value prop might not lead to tokens price correlation, which mitigates divergence loss risks for LPs)
B. TVL and Liquidity Incentives
I would like to suggest $2M in TVL to start with, combined for both pools:
- Ref Finance TRI <> REF pool: $1M TVL
- Trisolaris TRI <> REF pool: $1M TVL
In terms of liquidity incentives, I would suggest a base of 20% to start with, each leg being provided by both protocols:
- Ref Finance TRI <> REF rewards: 10% in $REF and 10% in TRI
- Trisolaris TRI <> REF rewards: 10% in $REF and 10% in TRI
C. Execution
I would suggest the following plan:
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Two-week community discussions
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If momentum / positive feedback from both communities, create DAO proposals to swap REF/TRI for $500K from one treasury to the other (also encouraging protocol treasury diversification):
→ Ref DAO: to send $500K worth of REF tokens to the Trisolaris treasury/DAO
→ Trisolaris DAO: to send $500K worth of TRI tokens to the Ref treasury/DAO -
Each protocol will use its own treasury to create the associated pool
A target would be to kick off the new pools by the end of May.
For discussion!
PS: I do not hold any $TRI