SIP #005: Uniswap Incentive Re-fill
SIP(#005) has passed, but what does that mean for our LPs?
In SIP(#005) our community addressed the completion of our first incentivized Uniswap pool for Swivel’s governance token, SWIV.
That said, the community has voted to refill the pool and to continue with another incentive round beginning on April 20th!
Instructions: How to Roll-Over
With the current period set to end on April 18th, LP's will need to unstake and claim any rewards, and migrate staking to the new incentive program once available at june.swivelstaking.xyz.
Unstake your current LP
Navigate to april.swivelstaking.xyz
Click “Exit” and in the process unstake your LP and claim your rewards
Re-Stake your LP (On 4-20)
Navigate to june.swivelstaking.xyz
Click “Stake LP” and deposit your LP to the Uniswap-V3-Staker contract to earn rewards!
SIP#005 Vote
We’d like to send out a big thank you to all the liquidity providers that participated in our first SWIV incentive round on Uniswap V3!
The initial SWIV incentivized Uniswap V3 Pool was the topic of our first major SIP, and with its completion near we’re keeping the incentives rolling!
With SIP(#005), governance members voted to adjust the total number of SWIV tokens emitted from ~120,000 SWIV to ~60,000 SWIV, and to continue the incentives period on Uniswap V3!
The program begins 4/20 at 6:00 PM UTC, and runs through 6/20 at the 6:00 PM.
For more information, an in depth Governance discussion is available here: https://gov.swivel.finance/t/sip-005-swiv-liquidity-incentive-re-fill/188
Thanks again for your support, your involvement, and your continued contributions that make Swivel an amazing protocol!
What’s Next
Arbitrum ⚡
Our arbitrum launch keeps getting closer! Rari itself has seen consistent growth over the past months on Arbitrum, and with the awesome trial of our mainnet FeiRari market, an Arbitrum launch is looking juicier and juicier.
Keep an eye out for launch info and talks with the guys from Rari & Fei! 🏎️🏎️🏎️
Podcast 🎙️
Along that note, since January our founder Julian has been running DeFi for Gitcoin Kernel, having discussions with the most prolific investors and builders in the space.
We’d like to start opening up these podcasts to our community, bringing them closer to the heart of the DeFi community and the core ethos that makes Swivel special.
So likewise keep an eye out for updates on our upcoming podcast series!
Strategy Highlight of the Week 📈
With our mainnet now open for two months, and hundreds of millions in trading volume, its time to start asking our community what sort of strategies they’ve developed!
Start working on your strategy and get yourself highlighted to win in our upcoming strategy competition!
About Swivel Finance
Swivel is the protocol for fixed-rate lending and tokenized cash-flows.
Currently live on Rinkeby and on Mainnet, Swivel provides lenders the most efficient way to lock in a fixed rate as well as trade rates, and liquidity providers the most familiar and effective way to manage their inventory.
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