Proposal: Should the DAO start incentivising pTokens on EOS to boost pNetwork's blockchain diversity?

Proposal: Should the DAO start incentivising pTokens on EOS to boost pNetwork’s blockchain diversity?

Summary: The EOS ecosystem is currently the third largest blockchain ecosystem for pNetwork in terms of Total Value Locked. It hosts a variety of tokenised assets in the form of pTokens, including pBTC, pETH and PNT among others.
This proposal suggests launching an incentives programme to boost the adoption of pTokens on the EOS host blockchain with a weekly reward of 15,000 PNT. Should this proposal gauge interest from the community, further discussions on how to update the distribution of PNT incentives to include an EOS-specific liquidity mining initiative would follow.

Abstract: Liquidity mining initiatives are populating the DeFi ecosystem. pNetwork’s own liquidity mining initiatives are leveraged to increase liquidity on specific LPs for a variety of assets within the pNetwork ecosystem.
Expanding the pNetwork liquidity mining incentives is aimed to increase the amount of pTokens moved to EOS and maintain retention of the existing pTokens on EOS.

Motivation: Members of the pNetwork community have expressed an interest in the launch of specific liquidity mining initiatives for the EOS host blockchain.
A liquidity mining initiative for pTokens on EOS would aim to increase the total value locked within the pNetwork cross-chain system while increasing liquidity for pTokens on EOS. Additionally, promoting the adoption of pTokens across a diversified range of blockchain ecosystems would positively impact pNetwork’s market position as a flexible cross-chain system able to connect any asset to any blockchain (including non-Ethereum-like blockchains).

Specification: The DAO fund is aimed to grow the pNetwork ecosystem - a way to achieve this goal is to boost the adoption of pTokens across a variety of blockchains. This proposal would direct 15,000 PNT per week towards liquidity mining initiatives whose goal is to grow pNetwork’s TVL on EOS.
As a host blockchain, EOS currently figures as the third largest ecosystem for pNetwork counting a total value locked of $ 5.5+ Million in USD countervalue. While the TVL on EOS counts for approx. 7.5% of the entire total value locked in pNetwork, EOS counted over 8,000 pTokens users (27%) over the last two weeks out of a total number of 30,000 pTokens users across ecosystems.
Should this proposal be approved, an EOS-specific liquidity mining initiative would be designed with the aim of growing pTokens’s slice within the ecosystem.
If approved, further discussions on how to update the distribution of PNT incentives to include an EOS-specific liquidity mining initiative would follow.

Note that, if approved, the proposal would not exclude the possibility of further iterations on the liquidity mining activity for pNetwork.

1 Like

yes, The first step to on board new user to pnetwork is difficult and when user have incentives to use pentwork + EOS, it makes easy to both network user as well, network.

As a PNT token holder I will surely support this proposal