This post is requesting feedback to signal the community.
Symmetric is a customizable weighted, multi-token liquidity pool Decentralized Exchange (DEX) running on xDai network. Symmetric has market cap range between $2-$4M with a current xDai TVL of about $1.28M. We are anticipating TVL to grow beyond $10M and thus will be requesting rewards of $100k over the course of 6 months to incentivize the liquidity pools on the Dex.
Symmetric is requesting $100k in STAKE incentives paid out over 6 month period where the majority of the rewards will be distributed to various $SYMM and $STAKE pools. Symmetric will match $STAKE rewards 1 for 1. 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.
Month 1 100% rate to bootstrap platform
If TVL less than $1M is achieved then 25% rate
TVL of $1-$10M 50% rate
TVL $10-$50M 75% rate
+$50M 100% rate
Do you support $100k in Stake rewards for Symmetric on xDai?