Category: Badger Asset Integrations
Scope: Collaborate with ARCx to encourage usage of bwbtcBadgerSLP & bwbtcBadgerUNI-V2 in the wider DeFi ecosystem. These assets are already earning BADGER interest, with ARCx their underlying liquidity can be re-unlocked.
Status: Accepted
Objective: In order to increase the use cases of wbtcBadgerSLP & wbtcBadgerUNI-V2 in the DeFi ecosystem, ARCx would like to collaborate with the Badger community for a unique joint yield farming opportunity. Here’s how it’d work:
- Users come to the ARCx platform and can mint STABLEx (our native stablecoin) with bwbtcBadgerSLP or bwbtcBadgerUNI-V2.
- With this newly minted STABLEx, they can then provide liquidity with a Curve 3Pool token to acquire LP tokens
- These LP tokens can then be staked inside an ARCx farming contract which rewards users with both ARCx and BADGER tokens. However, the contract specifically ensures that the LP minted STABLEx with Badger assets
We ran an initial version of this campaign with Lido for their StETH and saw over $10m of StETH deposited within 24 hours. The outcome was great for both communities to collaborate and enjoy double yield.
Benefits:
- Badger users can earn BADGER based yield and ARCx yield from their existing idle assets
- Increase confidence of Badger based products in the DeFi ecosystem
- Unite the Badger and ARCx communities
- Enable Badger users to earn ARCx tokens before the token goes live next week
Specifics:
- The ARCx team is willing to distribute 1.25% of the first year supply (125 ARCx tokens) to this joint yield campaign
- As a gesture of collaboration, we’re requesting $250k worth of BADGER tokens for the joint yield farming campaign so users can earn double yield
- The joint yield farming campaign will run for exactly 1 month from the date of being approved
- For
- Against
0 voters