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.
For a high level overview of how StakeWise DAO’s SWISE emissions have evolved over the years, see the following chart:
Report on last month’s incentives allocation
| Inflows (Budget) | Outflows | |
|---|---|---|
| SWISE liquidity pool | 600,000 SWISE | 620,000 SWISE |
| osETH liquidity pools | 4,000,000 SWISE | 2,851,433 SWISE |
| SLC compensation | 79,280 SWISE | 79,280 SWISE |
| Total | 4,679,280 SWISE | 3,550,713 SWISE |
Starting SLC Safe Balance: 9,203,857 SWISE (19-Feb-2024)
Ending SLC Safe Balance: 5,653,14 SWISE (18-Mar-2024)
osETH liquidity has once again remained solid over the past month and has helped osETH advance to the final stage of listing on Aave. Achieving such tier 1 DeFi integrations showcases the quality of the StakeWise protocol and osETH as an LST, and will give osETH holders a fantastic opportunity to utilize their staked capital.
osETH liquidity pools
Liquidity levels remained strong across all pools, with no major capital inflows or outflows to report.
SWISE liquidity pool
There are no major inflows or outflows to report.
Proposed budget for Month 6
| Budget | |
|---|---|
| SWISE liquidity pool | 770,000 SWISE |
| osETH liquidity pools | 6,000,000 SWISE |
| SLC compensation | 82,945 SWISE |
| Total | 6,852,945 SWISE |
SWISE liquidity pool
The aim is to maintain current liquidity, requiring 770k 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 6.0M SWISE per month at current market prices.
SLC compensation
$5k in SWISE @ 0.06028 USD per SWISE (30d avg) => SWISE 82,945 (as approved by the DAO during the implementation of the SLC).