TL;DR Summary
- Adding the BRETT Market to Seamless Protocol was proposed and passed via SIP-14.
- To incentivize usage of this market, propose emitting esSEAM and BRETT emissions. The BRETT team has agreed to co-incentivize this market.
- The BRETT community is active on Base, and bringing over their users to Seamless via co-incentives provides an opportunity to grow Seamless’s user base and TVL.
Context & Motivation
From what we’ve seen with the success of 🌸 Seamless Spring 🌸, rewards help drive usage of the Protocol. Since Seamless Spring took off, Seamless’s supplied liquidity on the platform has nearly doubled to over $75MM. A big part of this was reward emissions and driving attention to the protocol.
With new markets opening up as of late i.e. AERO and BRETT, it would be great to reward users not just with SEAM or esSEAM emissions, but also that of the native token. The BRETT team has noted they will provide 2,576,000 BRETT in incentives to this market , and this proposal is to pursue those rewards to ultimately provide BRETT to users who supply BRETT liquidity on Seamless.