ComethSwap is a DEX (Decentralized exchange) and a LP token staking solution.
The staking reward program incentivizes liquidity providers to stake their LP token in the farming section to get yield in addition to the 0.45% fees generated by each trade in the pool.
The following proposal aims at defining the amount of SDT rewards that should be added in the SDT-ETH pool of liquidity on ComethSwap:
- Period: Weekly
- Amount: 2000 SDT/Week
In addition to SDT rewards, Cometh will match the amount of SDT rewards (in $) and so double the rewards initially given in SDT, in MUST.
- Increase the liquidity on Polygon and so limit the price impact for each trade
- Showcase StakeDAO platform and so give more visibility for Polygon strategies
- SDT holders and LP’s get rewards and access to greater liquidity.
- Creates downward price pressure on SDT as increases its liquidity in the pools
Looking forward to seeing this proposal going to vote.