Proposal Description Summary: Following Demex's support of ETH as a group token, Switcheo Labs Team is proposing rewards for ETH/SWTH market pair from the block rewards.
Motivation: $ETH is the native token for Ethereum and most Ethereum L2 chains. The rewards will incentivise $ETH traders and community members from the Ethereum Ecosystem to integrate themselves into the Demex Ecosystem and accumulate $SWTH.
Description: • We are proposing to assign 16x rewards to the ETH/SWTH pair to attract users to trade and generate high liquidity. This reward is in line with the 16x weights of the SWTH/USD pair. • 16x being a moderately large weight, will also support SWTH liquidity as $SWTH is the quote token. • This proposal is initiated by the Switcheo Labs Team.
Benefits: • The allocation of rewards will enable a better trading experience with high liquidity and low slippage rate for users trading ETH.
More information here: http://common.xyz/carbon-protocol/discussion/26587-cip112-reallocate-pool-weights