Prop 121: Crescent External Incentives

Summary:

This proposal is to fund Evmos external incentives on Crescent. In order to spur initial TVL accumulation on Crescent DEX’s EVMOS/bCRE pair we request an allocation of 88,020 EVMOS(appx. 41,973 USD as of Feb 2nd) or 977 EVMOS/day from the Community Treasury to be utilized as farming incentives for the pair for 90 days.

Crescent has already incentivized EVMOS/bCRE as well as stEVMOS/EVMOS pair on Crescent DEX.

The funds will be managed by a multisig wallet at the address below, and includes the following members:

Address: 0x82F2796AAE0bbB8Cf15dF2f47EFA5737F6A102c4

evmos1ste8j64wpwaceu2a7t68a7jhxlm2zqky7x40ez

• bennylava - Evmos Community Manager/Evmos Governance Workstream
• LPX - Evmos Governance Workstream
• Glenn - PM, Crescent Foundation
• Provalidator - Evmos Validator

Weighted 3/4

Goals

In alignment with Crescent community demand, Crescent has proposed a Liquidity Driver Period of about 90 days at 6%(5,622 CRE / Day) of the farming allocation in CRE to the EVMOS/bCRE pair.

In addition, Crescent has incentivized stEVMOS / EVMOS pair at 468.6 CRE / day, which will allow EVMOS holders to swap between the two assets, negating unbonding times required. The liquidity amplification of the ranged pool will allow for very low slippage swaps compared to basic AMM.

You can find the community discussion here: https://commonwealth.im/evmos/discussion/9914-temperature-check-external-incentives-on-crescent