BIP#3 - Uniswap LP Incentive Programme

Background

Bend DAO Initial Fair-launch Offering (IFO) successfully raised 3,000 ETH and distributed 1,000,000,000 BEND to IFO participants.

Proposal

Uniswap LP Incentive Programme is proposed to attract new liquidity into BEND/ETH liquidity pool on Uniswap v2.

Details of the Uniswap LP Incentives:
BEND Allocation: 300,000,000 (3% of the BEND total supply)
Duration: 3 years (1% of the BEND total supply each year)
Daily rewards: 273,972.60 BEND
Start Time: April 27th, 2022, 1:00 pm UTC

Specification

All BEND stakers are members of Bend DAO.
Voting Quorum: 15M veBEND (around 20% of the veBEND current supply)
Pass Rate: Over 80% Approve.
The voting will last for 1 days.

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