Intro
This is a proposal to allocate SWISE from the StakeWise DAO Community Treasury to the StakeWise Liquidity Committee to be used solely to incentivise the liquidity ecosystems of all StakeWise tokens. Please take the time to review the report from the previous month and the proposed budget for the upcoming month before voting. The vote is live and can be found here.
Report on last month’s incentives allocation
| Inflows (Budget) | Outflows | |
|---|---|---|
| SWISE liquidity pool | 600,000 SWISE | 600,000 SWISE |
| osETH liquidity pools | 3,500,000 SWISE | 2,879,138 SWISE |
| SLC compensation | 79,276 SWISE | 79,275 SWISE |
| Total | 4,179,276 SWISE | 3,558,413 SWISE |
Starting SLC Safe Balance: 8,091,919 SWISE (19-Jan-2024)
Ending SLC Safe Balance: 4,533,506 SWISE (18-Feb-2024)
SWISE emissions increased slightly in January due to the recent volatility in the SWISE token price. For a high level overview of how StakeWise DAO’s SWISE emissions have evolved over the years, see the following chart:
osETH liquidity pools
osETH liquidity has remained solid over the past month and has allowed for the integration of osETH onto multiple protocols, such as Gravita, Morpho and Gearbox.
SWISE liquidity pool
Liquidity levels remained strong with no major inflows or outflows to report.
Proposed budget for Month 5
| SWISE liquidity pool | SWISE 600,000 |
| osETH liquidity pools | SWISE 4,000,000 |
| SLC compensation | SWISE 79,280 |
| Total | SWISE 4,679,280 |
SWISE liquidity pool
The aim is to maintain current liquidity, requiring 600k SWISE per month at current market prices.
osETH liquidity pools
The current liquidity depth is strong vs the overall TVL of StakeWise V3 and should be maintained. The expected cost for doing so is around 4.0M SWISE per month at current market prices.
SLC compensation
$5k in SWISE @ 0.06307 USD per SWISE (30d avg) => SWISE 79,280 (as approved by the DAO during the implementation of the SLC).