SIP(#001) SWIV Token Liquidity Incentive Program

Announcing the upcoming launch of our Uniswap-v3 Liquidity Incentives

and

Mar 17, 2022

With our SWIV genesis distribution now complete, many SWIV stakeholders immediately began asking when the SSM (Swivel Safety Module) will go live, and what else they could do with SWIV in the meantime.

And more importantly, the community requested liquidity incentives for our native $SWIV token!

SIP (#001): SWIV Token Liquidity Incentive Program

On 3-11, we began our first community snapshot proposal to initiate Swivel’s first SWIV liquidity mining program.

After a near unanimous (98% approval) Snapshot vote, our first community proposal has now completed its full workflow and is in the process of implementation!

Proposal: Link

SWIV Liquidity Incentives:

As mentioned in the proposal, we would like to avoid commitment to a long-term liquidity program, and instead iterate on SWIV incentives on a monthly or bi-monthly basis.

This thought has been validated by recent findings across Ribbon, PoolTogether, and various other community opinions.

Program Information:

In line with the proposal, we are allocating 125,000 SWIV tokens for liquidity provided to the SWIV/USDC Uniswap-v3 1% fee pool.

This program will begin Friday, March 18th at 5:00 PM UTC and run for one full month.

Amount: 125,000 $SWIV

Start: 17:00 UTC — 03/18/2022

End: 17:00 UTC — 04/18/2022

Duration: 1 Month

Uni-v3-Staker Configuration: Link

Community Frontend: Link

Where to Stake Your LP

Stake your LP directly at: 0xe34139463bA50bD61336E0c446Bd8C0867c6fE65

Further, all credits to Lewi for developing a community resource for projects to facilitate the staking of Uni-v3 LPs!

Members of our community have retrofitted and configured Lewi’s staker interface for our SWIV program, allowing SWIV stakeholders to stake their LP without needing multiple transactions or obscure contract interactions.

Starting tomorrow stake your LP here: Link
(Or test your LP staking with SWIV0 on the Rinkeby testnet in the meantime!)

What’s Next

FeiRari 🏎️🏎️

We’re coming to Rari and currently wrapping up the last UI elements necessary for our FeiRari Fei market launch! Keep an eye out on our Discord’s #the-boardroom for some UI previews and get your voice heard on our design!

Swivelmoji Competition Results 🎨

Stay tuned for a blog post of our emoji contest winners this Friday (tomorrow, 3/18)!

We’ve already started adding a few, and tied them to various roles, but the best will be reserved for the winners themselves!

Protocol Liquidity Incentive Update 🌊

And yet again, with one month of liquidity provision and incentives under our belt, we’ve identified a couple pain points that are now a priority to address!

A community member already introduced this discussion here: Link

We would like to move forward as soon as possible with proposed changes, so get your comments in ASAP.

About Swivel Finance

Swivel is the decentralized protocol for fixed-rate lending and tokenized cash-flows.

Currently live on Mainnet, Swivel Finance provides lenders the most efficient way to lock in a fixed rate as well as trade rates, and gives liquidity providers the most familiar and effective way to manage their inventory. Through our exchange, traders can take on positions with minimal slippage, even in low liquidity markets.

Swivel Finance