xpla

Prop 111: [Proposal] Activating CONX TVL and Stablecoin Adoption: Spoon Finance 2026 Initiative

Proposer: spoon Team

1. Abstract

This proposal introduces an operational update to the Spoon Finance protocol, designed to directly contribute to the growth of the CONX ecosystem by activating on-chain stablecoin liquidity, increasing total value locked (TVL), and lowering user entry barriers.By integrating CONX-supported stablecoin assets (such as noble USDC) into Spoon Finance’s vault structure and adjusting participation requirements, this proposal aligns the Spoon Finance protocol with CONX’s broader vision of ecosystem expansion, improved accessibility, and sustainable on-chain activity.

2. Service Introduction: Spoon Finance

Spoon Finance is a hybrid DeFi platform built under the slogan “As safe as stablecoins, as efficient as altcoins.” It enables users to deposit stablecoins such as USDT without requiring complex investment knowledge or active portfolio management. Through Spoon Finance’s proprietary hedge-based strategies, users gain exposure to triple farming, designed to balance capital safety and yield efficiency.Spoon Finance is currently operating a CONX Vault as part of its Phase 1 campaign (https://spoon.finance/earn/2/1), which reached 100% of its prepared vault capacity within 5 days of launch, demonstrating strong early demand and user interest from the initial phase.

3. Background and Motivation

Despite its early traction, Spoon Finance currently faces several structural limitations that restrict its contribution to broader ecosystem growth:

  1. Users can only deposit Kaia-based USDT, limiting asset diversity.
  2. As a result, deposited capital contributes only to Kaia chain TVL, not to the CONX ecosystem.
  3. While deposits occur, they do not yet generate meaningful user inflow or sustained transaction activity at the ecosystem level.

To address these limitations and align with CONX’s goals of ecosystem expansion and meaningful contribution, Spoon Finance seeks to pursue expanded support for a broader range of digital assets, enhanced wallet accessibility, and adjustments to participation entry thresholds.

4. Proposal Details

4-1. Operating Policy Updates

To address the limitations mentioned above, Spoon Finance plans to gradually update its operating policies starting in 2026 as follows:

  1. CONX Noble USDC will be added as a supported deposit asset.
  2. Spoon Finance will officially support the Keplr Wallet.
  3. Minimum deposit amount will be reduced from 1,000 USD to 100 USD.
  4. Additional yield (boosted APY) generated through stablecoin-based CONX Vault operations will be distributed in $CONX tokens rather than in stablecoins.
  5. The undelegation period for standard withdrawals (Withdraw) will be changed from 21 days to 9 days.
  6. The Instant Withdraw fee will be adjusted from 30% to 5%.

※ Among the policies above, items 3), 4), 5), and 6) will be applied starting from Phase 2.

4-2. Operating StructureProtocol Operator: Spoon Finance

Spoon Finance will be responsible for protocol operations, vault management, user support, and continuous optimization of yield strategies.

4-3. Capital Support (Delegation Request)

As Spoon Finance launches its Phase 2 campaign, we request capital support in the form of a delegation of 7,430,000 CONX tokens, valued at USD 100,000, to achieve the objective of accelerating DeFi adoption and stablecoin utilization within the CONX ecosystem.The requested amount represents an approximately 46% increase compared to Phase 1, reflecting an expanded liquidity activation strategy. The delegated CONX tokens will be fully staked in the XPLA Vault, with the principal remaining intact, and only the yield generated from staking will be utilized to expand deposits of CONX-based stablecoins, strengthen the safety of Vault operations, and promote on-chain activity across the ecosystem.In the absence of additional governance approval, the full delegated amount (7,430,000 CONX) will be returned to the Community Pool on January 1, 2027.

5. Expected Effects

The proposed changes are expected to generate the following positive outcomes for the CONX ecosystem:

  1. Smooth onboarding of CONX ecosystem users
    1. By supporting CONX Noble USDC, existing CONX users can participate without friction related to asset conversion.
  2. Direct contribution to CONX TVL growth
    1. Stablecoin deposits will be directly reflected in CONX on-chain metrics, strengthening the ecosystem’s fundamental indicators.
  3. Lower entry barriers and expanded participation
    1. By reducing the minimum deposit requirement and introducing more flexible withdrawal policies, the proposal encourages broader user participation while driving growth in both user count and on-chain transaction activity.
  4. Expansion of the $CONX token holder base
    1. New users entering through stablecoin deposits from various chains will receive rewards in $CONX, leading to an increase in the number of $CONX holders and an expansion of the token’s participation base.

These effects are expected to form a virtuous cycle of improved accessibility → increased liquidity inflows and growth in token holders → higher on-chain metrics → ecosystem strengthening. In addition, Spoon Finance plans to visualize and transparently present the contribution outcomes generated through this proposal using key performance indicators, enabling the community and governance to clearly assess its impact on the CONX ecosystem.

6. Conclusion

This proposal positions Spoon Finance as a practical liquidity activation protocol within the CONX ecosystem. By aligning supported assets, wallet accessibility, and participation thresholds with CONX’s strategic goals, Spoon Finance is well positioned to directly contribute to TVL growth, user adoption, and sustainable on-chain activity.We believe this proposal represents a meaningful step toward strengthening the CONX ecosystem through real, measurable usage, and we invite the community to review and support this initiative via governance.