orai

Prop 277: Proposal for incentivized boost for PawPrint Market - Memecoin focus on Oraichain & Cosmos ecosystem

Memecoin supercycle is heated topic, some agrees while others disagree. But we can't deny the fact that memecoin's volume growth is huge (e.g top 10 memecoin now included top 100 - https://gyazo.com/2016cd9715b3e9c7e430ec45d4eb0acb).

OraiDEX team takes some good learning with PEPE & HMSTR experiments. While HMSTR flop, Pool PEPE/USDC was performing well at ~60% APR with pure fee, zero incentivized boost.

The proposal focuses on leveraging the high-volume growth of top memecoins with PawPrint Market:

  • A dedicated section for top-performing memecoin pools, focusing on high-volume trading.
  • Highlighting popular memecoins like PEPE, and providing support for new memecoins to increase exposure and liquidity.

With incentive plan:

  • $ORAIX 450K from OraiDEX DAO Treasury: Incentivizing liquidity providers for a 6-week campaign.
  • $ORAI 1,000 from Oraichain's Community DAO: As an additional incentive to boost participation.
  • Community-driven weekly vote to determine which pools receive boosted incentives.

Objectives:

  • Encourage high trading volume on OraiDEX by attracting memecoin traders, thereby increasing overall platform liquidity.
  • Position OraiDEX as a top destination for memecoin trading in the Cosmos ecosystem (expanding to Osmosis, Astroport, Dojo, etc.).