This proposal builds on the discussions from the RFC - Create V2 Pool for HBAR/VRJAM (BLUE) 0.30%
Title: Create V2 Pool for HBAR/VRJAM (BLUE) 0.30%
Author(s): Sam Speaight & RealityJam Team
SaucerSwap Voting Interface: N/A
Related Discussions: N/A
Submission Date: 25.11.2024
Summary:
We propose the creation of a V2_HBAR/VRJAM (BLUE) pool with a 0.30% fee tier on SaucerSwap to support the effective roll-out of the token issuer’s new b2b subscription service AiJAM. This pool will enhance capital efficiency, increase TVL, and liquidity for both SaucerSwap and Hedera to empower new LP’s to enter the market in a sustainable manner as the token issuer’s subscription service comes to market
Abstract:
The new V2_HBAR/VRJAM (BLUE) pool will utilize SaucerSwap V2’s concentrated liquidity features, offering better returns for LPs, increased liquidity, and TVL.
Due to the fact that Saucerswap is the sole and exclusive trading venue for VRJAM (BLUE), this is required to empower the token issuer to activate new liquidity providers who will invest in the pool to support the roll-out of the token issuer’s new b2b subscription service, AiJAM.
AiJAM empowers brands to render interactive AI-powered 3D characters on websites and in apps using a turnkey service available via the token issuer’s web platform. Users can test the product by engaging with the 3D avatar displayed in the lower right corner of token issuer’s website.
Customers who use the service may pay for subscriptions and data charges using credit or debit card or using the project’s HTS token, VRJAM (BLUE), whereby the client’s monthly subscription is deducted from their VRJAM (BLUE) wallet balance.
The token issuer has engaged a liquidity provider who will invest in VRJAM (BLUE) pools on Saucerswap to provide the necessary liquidity to allow the token to be made available to subscribers at scale, however the liquidity provider will not invest without access to concentrated liquidity available via Saucerswap v2 (Uniswap v3) pools.
To empower the token issuer to activate this service and to continue growing the value and liquidity profile of the VRJAM (BLUE) token, access to Saucerswap v2 concentrated liquidity technology is required.
Motivation
To deploy a market leading Hedera-native b2b payment service supporting a highly performant token economy powered by ongoing new money inflows from subscription payments using concentrated liquidity, increases both TVL and liquidity for HBAR/VRJAM (BLUE). In addition, this supports the growth of SaucerSwap and Hedera.
Benefits (Pros)
- Price Supportive: It can help stabilize token prices.
- Capital Efficient: Concentrated liquidity pools are more efficient in capital deployment.
- Yield Opportunities: Increase yield opportunities for liquidity providers.
- Minimal Slippage: Concentrated pools help to ensure minimal slippage and tighter spreads.
- Stronger Ecosystem: Integrating the pool with SaucerSwap, Hedera, and VRJAM strengthens the ecosystem, potentially attracting more projects to do the same.
Downside (Cons)
- Risks: Smart contract risk, increased complexity, management overhead, and potential user education challenges
Voting
For: Create the V2_HBAR/VRJAM pool with a 0.30% fee.
Against: Request revisions for further refinement.