This post is requesting feedback to signal the community.
Agave is a decentralized, non-custodial, money market and borrowing-lending protocol on xDai network. Agave has market cap range between $4-$8M with a current TVL in our lending-borrowing protocol and staking mechanism of about $1.3M. We are anticipating TVL to grow beyond $10M and thus will be requesting the Tier A rewards of $500k over the course of 12 months to incentivize the lending and borrowing of the protocol.
Agave is requesting $500k in STAKE incentives paid out over 1 year period 80% of rewards used for lending & 20% for borrowing, the KPI metrics are shown below. Further details of how this program would pay out can be viewed in KPI incentive program forum post
ATTENTION: The kpi metrics will limit significantly payout if TVL and Market Cap KPI targets are not met. This is not a traditional blank check farm rewards program and consideration to this fact should be weighed before casting your vote.
Agave will be matching $STAKE 1 for 1 with a similar payout of $500k in $AGVE that will target 60% incentives towards Lenders, 15% Borrowers, and 25% towards staking. Agave will also be using KPI metrics ensuring a 1 for 1 match with STAKE incentives
- See below for request for changes