MIP#35
Vote Option:
Vote option:
Yes
NO
Objective::
Elevate MVC's presence in the DeFi landscape by listing wSpace on Uniswap through Chainge Finance's smart contract execution. This strategic move aims to tap into Uniswap's extensive user base and liquidity, spotlighting MVC in the DeFi ecosystem and enhancing user engagement.
Strategic Phases:
Integration and Listing:
Partner with Chainge Finance to integrate MVC chain and list it within their platform, offering a seamless user experience and marking a pivotal step towards extensive ecosystem exposure.
Ethereum Contract Deployment:
Following MIP-35 consent, deploy SPACE on Ethereum via Chainge Finance, establishing a verified contract. This action will facilitate the creation of a $wSPACE liquidity pool on Uniswap, bolstering cross-chain liquidity and accessibility.
Collaborative Campaigns:
Launch joint campaigns with Chainge Finance to incentivize liquidity provision. These initiatives will reward participants, fostering engagement and bolstering the ecosystem's vibrancy.
Costs and Liquidity Resources:
Integration Fee: Courtesy of Chainge Finance, integration will be conducted free of charge.
Liquidity Provision:
Set initial liquidity at USDT 60,000 and an equivalent amount in SPACE, with the potential to increase to USDT 220,000 plus SPACE, based on MVCDAO's future resource availability and market conditions.
Campaign Budget:
Allocate 1,000 SPACE or at l for initial Chainge Finance-led activities, with 500 to 1,500 SPACE monthly dedicated to liquidity incentives for the first two months. Adjustments will be made based on the engagement of the liquidity pool, aiming for liquidity rewards to average less than 12% APR in the long run. [Subject to change based on actual market condition].
Remarks on Liquidity Resources:
MVCDAO possesses substantial USDT reserves to cover all related expenses. Upon MIP-35's consent, the necessary USDT will be withdrawn from the community liquidity account. In return, an equivalent value of Space will be transferred from the DAO treasury to the community liquidity account, ensuring the sustainability of liquidity resources.
Conslusion:
Conclusion:
This proposal outlines a strategy to boost MVC's DeFi presence through the wSpace initiative. By leveraging strategic partnerships and innovative approaches, we aim to significantly enhance network visibility and ecosystem growth. Through community involvement and effective campaigning, we anticipate a marked increase in MVC's prominence and user engagement in the DeFi space.
Timeline:
Jun or Jul 2024, Subject to final notice by Chainge Finance.
Disclaimer & Remarks:
1) Disclaimer on Investment Intentions
MVCDAO wants to make it crystal clear: SPACE isn't a get-rich-quick scheme. MVCDAO emphasizes that Space is not an investment vehicle, but the gas within the MVC ecosystem. Decisions to acquire or use Space for speculative or investment purposes are solely at the discretion of the individual. MVCDAO does not encourage any member to make use of Space as an investment. MVCDAO explicitly disclaims any responsibility for losses that may arise from such actions. Members are urged to exercise caution and make informed decisions.
2) No Assurance on Space Value
Please note that MVCDAO does not make any commitments or guarantees regarding the price or value of the network gas: SPACE.
3) No Investment Advise:
This proposal is focused on enhancing the visibility and sustainability of the MVC network. It is important to note that the arranagement mentioned in this proposal do not constitute investment advice. Participants and all members should refrain from interpreting it as such.
4) Conflict of interest declaration:
The author of this proposal has not received any commission.
5) Disclaimer on DEX Engagement MVCDAO cannot ensure that Chainge Finance or any future DEX will integrate the MVC network diligently. MVCDAO and its contributors are not liable for losses incurred through interactions with these platforms.
6) No Guarantee on DEX Security MVCDAO cannot confirm the security measures of decentralized exchanges, including the potential centralization aspects. We are not responsible for losses due to hacker attacks or interactions with any DEX listing SPACE.
7) wSPACE Smart Contract Deployment: The wSPACE smart contract is deployed by Chainge Finance, not MVCDAO. Listings on third-party DEXs do not imply endorsement by MVCDAO, MVCLabs, or any associated entities. Users are advised to exercise caution when engaging with exchanges.
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