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Description
⚡️ Challenge:
Migrate liquidity to SushiSwap and apply $HBT reward program to SLP. Add $HBT-ETH pair to Onsen.
🦋 Desired Outcome
- Better user experience by having unified liquidity on SushiSwap after Uniswap v3 lead to fractionalisation and confusion for LP as where to supply liquidity. Also Uniswap v3 should still be observed and not used, average LP do not know how it works
- Clear state of LP reward process will be beneficial to the project as users have an easier time supplying liquidity and don't have to ask so many questions (we can write a nice medium article to explain this)
- Adding $HBT-ETH to Onsen will lead to double incentives for LP (Onsen + HBT rewards)
- Better rewards could lead to more liquidity
- More liquidity is good for the project
- These measures will also lead to more exposure for the project which is good
- Potential onramp for SushiSwap governance if they like what they see
🎯 Action Points:
- Migrate $HBT-ETH to SushiSwap
- Contact SushiSwap team, discuss addition of $HBT-ETH to Onsen
- Add $HBT-ETH to Onsen
- Write explainer for LP
- Stirr up some social media buzz about this as it is a very good move
🐇 Additional Information
SushiSwap supplies an easy way to migrate liquidity but it should be looked into if it is safe to use:
https://docs.sushi.com/products/amm-exchange/migrating-uniswap-v2-lp-tokens-1