I wanted to start this discussion to gauge interest before developing a more in-depth PTIP.
I would like to propose that the PoolTogether treasury allocate approximately $250k in POOl tokens and $250K in USDC from PTIP-13(Assuming it passes) to seed a liquidity pool on Quickswap. The USDC would need to be swapped to QUICK on polygon to create the LP token pair of POOL/QUICK.
Quickswap is an AMM on the polygon network. I have spoken with their team about the mining rewards. if we provide this amount of liquidity the pool would receive approximately 8 QUICK per day. This represents approximately 200% APR. The protocol would accrue these rewards. QUICK is priced at around $815 today May 12th. Quickswap has stated their mining program is a long-term program. they told me they have had other protocols mining for six plus months.
If we begin to drip POOL tokens to the Polygon pools then this proposal will give users a place to earn yield on top of their POOL yield.
Protocol acquires QUICK tokens as mining reward
People on Polygon have a place to earn yield on their POOL tokens.
The protocol would be at risk of impermanent loss.
Smart Contract risk with Quickswap.
looking forward to hearing some feedback.