Stellaswap - ASTR Liquidity Incentives

[Gaius_sama]

Hello Stellaswap team!

Interesting proposal. I’ve used Stellaswap in the past and I like your UX. It’s very smooth.

As for the proposal, I have a few concerns that I’d like you to address:

1. Looking at your DEX, I understand that the ASTR-DOT pair doesn’t yet exist. If this is the case, who would allocate the initial liquidity to launch the pool?

Given that we’re focusing our growth on our ecosystem and Astar zkEVM and that the ASTR token is already listed in the Omnipool on HydraDEX with nearly $1M in liquidity.

Deposit additional ASTR into HydraDX Omnipool

I propose that the Astar treasury make an additional ASTR deposit into the HydraDX Omnipool to further increase on-chain liquidity. I propose adding 5.54M ASTR ($718k) which is 1.5% of the treasury. This would bring the ASTR treasury deposit in the Omnipool up to $1M or 0.1% of FDV. [e68d0047cf0e4eb140a0424214c6aed1638b3b59_2_690x386] The Astar treasury in June 2023 deposited 2,222,231 ASTR into the Omnipool, currently valued at $282,111. https://forum.astar.network/t/listing-astr-in-hydradx-o…

2. What’s the benefit for the Astar Ecosystem to list and incentivize ASTR tokens on Stellaswap on Moonbeam?

We wouldn’t want this ASTR allocation to benefit only Defi farmers on Stellaswap for short-term gain.

3. What’s your marketing and communications strategy to increase Astar’s visibility within the Moonbeam community and convert users into ASTR holders?