Executed

[SIP-19] Adding BRETT rewards to the BRETT Seamless Market


ID 877671...4135

ID 877671...4135

Proposed on: May 30th, 2024

Proposed on: May 30th, 2024

Votes

Actions

Type

Address

Details

Custom

0x6e08...1d14

setEmissionAdmin(..)

Custom

Account

0x6e08...1d14

Method

setEmissionAdmin(..)

Proposal

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.

Votes
Status