Hello dear community members!
As one of the most operational protocols in the crypto ecosystem, MakerDAO is a staple in DeFi. It has unlocked the power of decentralized finance for everyone, creating an inclusive platform for economic empowerment. The holders of the MKR governance token are the decision-makers for the Maker Protocol, maintaining the system and managing DAI. That gives us the confidence to consider MakerDAO stakeholders the right community, with whom we could share the ongoing liquidity bootstrapping and wider distribution of DXdao’s first product governance token SWPR.
Swapr marked the first time a DAO launched a DeFi protocol on Ethereum. It has now grown to a multi-chain DEX with a suite of unique features including LP governance, DIY farming, eco-routing…, to name a few. It is the first automated market maker (AMM) to allow for swap fees to be adjusted through governance.
Moving forward, the Swapr protocol will be governed by SWPR token holders through an ERC20 Guild structure, where tokens are locked for voting. That’s why it is important to attract and develop an engaged community to govern Swapr into the future. Token holders can use their voting power to :
Adjust and govern the protocol fee
Manage Swapr Guild treasury
Allocate liquidity mining rewards to targeted pools
Deploy the Swapr Guild and the Swapr protocol to additional networks
Adjust the base pairs that trades are routed through
Improve Swapr protocol and Swapr dApp
Thus, the Swapr community would like to invite the Maker community, MKR and DAI holders, to participate in Swapr’s liquidity mining campaigns, be rewarded SWPR governance tokens, and help bootstrap its governance with more active participants to look after the protocol.
You can view the details on the latest Epoch here, including both MKR and DAI allocations.
Happy to stick around and answer any questions or concerns anyone might have!