ArthSwap - Builders Program Application

2022 Timeline Summary

Jan 15

  • Releasing ver1 at the same timing as the Astar launch
    • Just a snapshot of the April token distribution

April

  • ARSW will be listed on CEX (e.g. Gate.io)
    • Listing on CEX have to be 100M fully valuation, 200M TVL
  • Releasing ver2 includes the real token distribution and the staking feature.

June

Launching ver3 includes the Lending feature (Like Trader Joe).

End of 2022

The Goal will be 1B TVL and 500M valuation

KGI

Reference:

TVL growth strategy

Quick vs Sushi on Polygon

Bridge TVL Analyze

April 2022

TVL 200M(TVL / TVL of Astar = 33%)

TVL of Astar: 600M(TVL of Astar / Valuation of Astar = 30%)

Valuation: 100M (TVL / ARSW Valuation = 200%)

Valuation of Astar: 2B (TVL / Astar Valuation = 10%)

End of 2022

TVL 1B(TVL / TVL of Astar = 33%)

TVL of Astar 3B(TVL of Astar / Valuation of Astar = 30%)

Valuation 500M (TVL / ARSW Valuation = 200%)

Valuation of Astar 10B (TVL / Astar Valuation = 10%)

ver 1 Jan 2022

Product Requirement

Smart Contract and Frontend are cloned by PancakeSwap v1

Smart Contract

  • Swap
  • Liquidity Providing (Issue LP token)
    • How to measure who provide the liquidity
  • Liquidity Mining
    • Collect Fee 0.3% smart contract will be activated
      • 0.25% to LP
      • 0.5% to eARSW pool
    • Token Mining(coming soon)

Frontend

  • Swap
  • Liquidity Providing
  • Liquidity Mining Estimated APY(Collect Fee is available, Mining is not activated, but will snapshot give away)
  • Staking(Coming Soon)

Incentive (Jan - April 2022)

Planning

We will give away ARSW tokens to liquidity providers from Jan to Apr depends on the number of LP tokens. Liquidity Provider can get Fees from January and Token from April

The reason why just Estimated APY

We will lauch v1 mid of January due to Astar mainnet lauch

ARSW token will be launched April

We can’t liquidity mining using transferable ARSW token

APR calculation

24h volume / TVL = 20% (e.g. QucikSwap,Orca)

24h volume / TVL = 50% (e.g. Uniswap)

TVL 200M, Valuation 100M, Number of ARSW token 1B, ARSW token price 0.1$

0.25% * 365 days ≒ 1

Liquidity Providing Fee APR 20%

Last 24h volume * 0.25% * 365 days / staked pairs TVL

40M / 200M = 20%

ARSW Staking to eARSW pool Reward APR 40%

Last 24h volume * 0.05% * 365 days / staked ARSW * ARSW price

8M / 200M(20% of ARSW) * 0.1$ = 40%

ARSW Liquidity Mining(v1 Giving Away) APR 140%

APY 140% = 12% per month

80% Major pair 160M APR 60%

20% High APY pair 40M APR 200%

Monthly giveaway token is 40M * 12% * 4 month = 20M (20% of our valuation)

ver 2 Q1 2022

Product Requirement

  • Smart Contract are cloned by PancakeSwap v2
  • The frontend is created from scratch

Smart Contract and Fronted

Same as Pancake Swap v2

  • Swap
  • Liquidity Providing
  • Liquidity Mining
  • Staking

Incentive (April 2022-March 2023)

Liquidity Providing Fee APR 20%

ARSW Staking to eARSW pool Reward APR 40%

eARSW staking APR 30%

eARSW staking gets APR 30% as some altcoin on Astar

ARSW Liquidity Mining (v2) APR 60%

APY 60% = 5% per month

80% Major pair 800M APR 90%

20% High APY pair 200M APR 150%

Annual giveaway token is 200M * 60% = 120M (20% of our valuation 500M)

ver 3 Q2 2022

Add Lending Feature

  • Vision is like Trader Joe on Avalanche

Team

Smart Contract

  • Available
  • TBD 1 Person

Frontend

  • Available
  • TBD 1 Person

Community manager

  • TBD 1 person

Design

  • Available

ARSW / eARSW Tokenomics

Revenues

  • 0.3% Fee of all trades
    • 0.25% to LP
    • 0.05% to eARSW staking pool

ARSW token holders may stake their ARSW to eARSW and receive a share of the revenues.

Distribution

All ARSW tokens will be emitted according to the distribution portion.

Dev Team, Early contributors, and Investors are emitted at the schedule as public distribution to LPs.

Reference: Calculation Sheet

  • Total supply
    • 1,000,000,000 (1B)
  • Initial Estimate Token Price
    • ARSW = 0.1$
    • Fully Diluted Valuation 100M
    • Valuation on April around 30M
  • Months to emit
    • 24 months


Liquidity Mining

APR calculation

Mining Value = Total Current Value of Liquidity Mining (From this month to 12 months later)

TVL = TVL of staking pairs that are compatible with Liquidity Mining

Which is the Better CAKE or Quick / dQuick

CAKE

User Experience : Good

  • Inflation of CAKE makes Higher APY for Staking 70%
  • Automatic increasing CAKE is a simple incentive

Investor(and Team) : Bad

  • In the long term, Inflation of CAKE makes dilution
    • CAKE valuation is easy to increase, but CAKE token price is difficult to increase
      • High APY, but Low CAKE price increasing
    • If investors want to get profit from tokens (e.g. APY), they should LP and Staking
  • In the short term, Higher APY can grow TVL so fast, can get good valuation because it depends on TVL

Sustainable Price : Bad

  • Avoid inflation, have to burn token depending on emission.
    • Need Utility, CAKE has some Utility for burning token

Quick / dQucik

User Expreience : Normal

  • Quick makes on surface Mid APY for Staking around 35%, User can get 70% using dQuick
    • Users can get the same APY as CAKE to staking dQuick 35%
    • Quick staking 35% + dQuick staking 35% = 70%
  • dQucik system is quite complicated

Investor(and Team) : Good

  • In the long term, Quick will be deflated. Token price will be increased.
    • Just simple staking makes good APY
  • In the short term, complicated user experience makes Low TVL of beginners.

Sustainable Price : Good

  • Deflation model, No need to burn
  • User stake Quick to earn dQuick, and stake dQuick to earn Alt token.
    • Market Supply(Selling Pressure) decreases, the price will be sustainable.

Reference

CAKE

Quick / dQuick

Research

PancakeSwap CAKE

TraderJoe JOE - xJOE

QucikSwap Quick - dQuick

Orca

Pancake Swap

  • Swap fee 0.25%
    • LP 0.17%
    • Burn token 0.05%
    • Others 0.03%

Quick Swap

  • Swap fee 0.3%
    • LP 0.26%
    • Payback to dQuick 0.04%

Trader Joe

  • Swap fee 0.3%
    • LP 0.25%
    • Payback to xJoe 0.05%

Orca

  • Swap fee 0.3%
    • LP 0.25%
    • Treasury 0.04%(Can use anything, payback to stake…)
    • Community Fund 0.01%
7 Likes

Thank you for your application. I think this is an Astar native project. We are going to start Astr’s fund that incubates Astar native projects. This project is eligible to get supports.

9 Likes

Thanks, @sota.
We want to contribute to Astar TVL growth to increase our Astar Native App, ArthSwap TVL.
Would you please support our team using your resources :laughing:

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ArthSwap Builders Program Poll
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