DAO Improvement Proposal for Epoch 18:
Allocation of 6,000,000 BEAMX (6%) out of Liquidity Providing Allocation pool toward Beam DEX Liquidity Mining Program for 2 Years.
The purpose of this proposal is to allocate an amount of 6,000,000 BEAMX out of a portion of the DAO’s Liquidity Providing pool. This will represent 16.6% of the pool (or 6% of total BEAMX issuance). The allocation will be used towards the Liquidity Mining program for Beam DEX.
The DAO will allocate 6,000,000 BEAMX of its Liquidity Providing Allocation towards farming activity for the next 2 years.
The farming activity will distribute 250K BEAMX each month for the next two years to support ongoing liquidity over a set of pools chosen by the DAO Proposed set of pools will include Beam / BeamX pool as well as BEAM/NPH (Nephrite Stable Coin) and BEAMX/NPH pools when Nephrite project launches.
The proposed allocation will take into account the Early Bird bonus available to those committing the liquidity in either Price Discover or Liquidity Accumulation phases.
The exact distribution of the farming rewards within the proposed amount of BeamX allocation within this proposal may be changed in the future according to DAO voting to keep the ecosystem alive and healthy.
Provides a consistent and sustainable incentive for LPs over chosen DAO pool for the next two years.
Enables DAO members to accumulate BeamX and have more weight on future votes, which promotes active participation and engagement in the DAO.
Offers another yield stream for both BEAM and BEAMX holders, which increases the overall value proposition of the DAO ecosystem.
This proposal does not detail the specific farming percentage each DAO pool will receive.
The DAO will periodically review the effectiveness of the farming rewards and make necessary adjustments based on the feedback and results, which promotes a culture of continuous improvement and adaptation.
Conclusion: This proposal suggests allocating 6% of the DAO’s Liquidity Providing Allocation towards farming activity for the next two years, which would equal to 250K BEAMX per month. This farming activity will provide a consistent and sustainable incentive for LPs over chosen DAO pool and enable DAO members to accumulate BeamX and have more weight on future votes. The DAO will periodically review the effectiveness of the farming rewards and make necessary adjustments based on the feedback and results.