Hi everyone, I’m writing on behalf of DinoSwap as a core contributor. DinoSwap is an upcoming farming/dex aggregator launching on Polygon. I’m aware that there is interest in building liquidity on Polygon and that’s what we’re all about through our unique LP token farms and single asset staking via our DINO token.
Wanted to propose $250k USD worth of POOL tokens to be contributed strictly as rewards into the “Extinction Pools” on DinoSwap. DinoSwap is not a DEX or AMM itself, it actually routes through SushiSwap (Polygon) and Quickswap. So there is no need to seed additional POOL into the farms, which actually serve liquidity providers on Sushi by allowing them to farm DINO with their SUSHI-POOL LP tokens, for example. DinoSwap aims to become the PancakeSwap of Polygon (and abroad). We cannot disclose our launch partners and collaborators just yet but it is a strong list of reputable projects.
One unique feature about DinoSwap is the 100% toll-bridge (DINO token burn) within the extinction pools - for which we’re requesting 250K USD worth of POOL in rewards. All stakers must agree to burn 100% of their DINO in exchange for a fair distribution of POOL tokens. This creates deflation to the supply of DINO (without facilitating a sell, as it is actually a swap) and encourages users to compound their yield by liquidity mining with more POOL tokens. This mechanism is how we will be able to achieve extremely high APY on our farms & pools.
Wanted to gauge interest and get feedback before I make a formal PTIP. Please let me know what facts,figures, etc you would like to know for this to make sense. We are confident in the value-add for Pooltogether in terms of encouraging liquidity and co-marketing.