DISCLAIMER: Post originally drafted by Philip Arthur Moore, from Frontier, who had troubles posting it here. I am not involved with the project, I’m just the messenger.
On behalf of Frontier I would like to propose that FRONT-USDT be considered for Onsen. Here are some stats:
Information about Frontier Token is available on our website as well as CoinGecko and CoinMarketCap.
Our SushiSwap liquidity is lagging behind other DEXes due to the fact that we deployed the pool later in the life cycle of $FRONT and also users have not been incentivized enough to move their liquidity over.
- Uniswap LP’s were able to take part in a few initiatives already to earn on top of their liquidity.
- Balancer LP’s are not only taking part in liquidity mining but also earn $BAL rewards.
- Mooniswap LP’s also earn additional rewards for providing liquidity.
- SushiSwap for now acts as an additional router for 1inch or small-size trades but there is a lack of incentivization in place to increase liquidity. We would like to not only drive more community members towards SushiSwap but also contribute additional token rewards in $FRONT for LP’s, as we’ve done on other platforms before.
Applying to the Onsen program, applicants must send 1000 SUSHI or 2 ETH to be used in permanent, irrevocable liquidity provisioning in the SUSHI-ETH pool to ensure serious projects are partaking in the process.
This is more than okay for us. We are happy to pay this application fee.
Proposed pair must already exist as a liquidity pool with a minimum of $1,000 in TVL before applying.
This is done.
1000 SUSHI or 2 ETH must be sent to the specified wallet, with the message containing the token’s ticker and proposed pairing, i.e “SUSHI / SUSHI-ETH” or similar.
Pending more information from SushiSwap team.
Applicant token must have an age exceeding 14 days, must not charge fees upon transfers and is highly recommended to be Verified on Etherscan.
This is done.
Applicant token must be listed on CoinGecko as we use their platform to provide a consistent way of evaluating the tokenomics for all Onsen applicants.
This is done. See above links.
Applicant token cannot be a token that has no intrinsic value proposition, and must have an overall function or purpose for existing. Tokens that are perceived by the community or core team to have no existential purpose beyond that of being traded will be rejected.
The core mission of $FRONT is to act as a sort of glue that incentivizes as much participation into DeFi as possible. We believe that our core value prop and reception have proven to us that we are on to something. We hope that the SushiSwap community feels the same way.
If the project applying to participate is headed by Anonymous founders, we will conduct a basic due diligence to ensure no malicious projects are being included in the Onsen program.
We are not anonymous. We are audited by both Quantstamp and CertiK. We cannot rug pull other DEXes but we can definitely inject more liquidity into SushiSwap and push hard to get more liquidity over to the platform.
Thanks a ton for your consideration.