Title: Proposal to activate Yield faming of 0.5% for V1_HBAR/DINO Pool
Author(s): Roy (representing The Dino Corp)
SaucerSwap Voting Interface: NA
Related Discussions: NA
Submission Date: January 22nd, 2025
Summary
This RFC proposes the activation of yield farming for $DINO, a memecoin launched on Hedera via MemeJob.fun one month ago. Currently the leading Meme on Hedera with a market cap of $5.1M, $435k liquidity and a total trading volume of $11.2M since launch. The continued success since launch highlights $DINO’s potential to attract retail users and strengthen Hedera’s position in the growing memecoin market. Activating yield farming would attract more liquidity providers, improving its liquidity and stability.
Abstract
$DINO has quickly become the most notable memecoin on Hedera, setting new benchmarks since its launch on MemeJob.fun. Its rapid rise includes an ATH of ~$9.3M USD market cap within three days, surpassing the previous largest memecoin on the network by a significant margin.
Memecoins have consistently driven retail adoption and trading activity across crypto networks. With $DINO, Hedera showcases its capacity to compete in this vibrant market, benefiting from its low transaction fees and advanced consensus algorithm.
Yield Farming for $DINO on SaucerSwap will enhance trading accessibility, encourage further liquidity growth, and help position Hedera as an attractive option for retail traders exploring new ecosystems.
Motivation
$DINO is a clear example of how memecoins can bring new energy to crypto ecosystems. Its rapid & stable growth highlights Hedera’s potential to attract retail traders looking for innovative and efficient alternatives.
In addition to its market presence, $DINO recently introduced a Social Staking mechanism that incentivizes community members and holders to actively engage with the project’s content. LP tokens for pools with $DINO serve as multipliers for Social Staking points, which can be redeemed as $DINO rewards at the end of each epoch. Yield farming for $DINO will complement this initiative by encouraging liquidity providers to weigh the benefits of staking their LP tokens in the farm or leveraging them as Social Staking multipliers, driving deeper liquidity for Hedera’s leading memecoin.
Key Data Points:
- Unprecedented Growth: $DINO achieved ~$4M USD in market cap within the first hour of launch, reaching ~$9.3M USD and ~$470k USD in liquidity by the end of its third day.
- Ecosystem Growth: Yield Farming for $DINO on SaucerSwap has the potential to strengthen the memecoin ecosystem on Hedera as a whole, attracting more attention and liquidity to all projects, including established tokens
- Retail Opportunity: Memecoins are proven catalysts for engagement, and $DINO’s success underscores Hedera’s potential in this space.
By activating yield farming for $DINO, SaucerSwap has the opportunity to align with this momentum, ensuring seamless trading access for users while strengthening its role as the leading DEX on Hedera.
Specification & Rationale
Technical:
- Token ID: 0.0.7907968
- Launchpad: MemeJob.fun
Social:
Community Momentum: $DINO’s community has shown strong engagement since its launch, consistently driving discussions and interactions across platforms. With the introduction of Social Staking, this momentum is set to grow even further. Social Staking incentivizes community members and holders to actively engage with the project’s content, rewarding participation with $DINO at the end of each epoch.
By combining Social Staking with the proposed Yield Farm, users now have two distinct options for rewards:
- Hold LP tokens in their wallet to benefit from Social Staking multipliers, increasing their end-of-epoch rewards.
- Stake LP tokens in the Yield Farm to earn farming incentives directly.
This dual reward structure not only creates greater demand for liquidity but also empowers users to design their own strategies based on their preferences and goals. Whether they prioritize engagement or liquidity rewards, both paths contribute to strengthening $DINO’s ecosystem and reinforcing its position as Hedera’s leading memecoin.
Financial:
- Liquidity Growth: A Yield Farm for $DINO will deepen liquidity pools, improving trading conditions for all participants.
- Revenue Growth: Higher trading volumes will drive platform fees and benefit liquidity providers.
- Ecosystem Support: Supporting $DINO aligns with SaucerSwap’s mission to strengthen the Hedera ecosystem and encourage broader adoption.
HTS Farm Weight Adjustments to Accommodate the 0.5% for $DINO
The following adjustments are proposed to allocate the 0.5% yield farming pool for $DINO by reducing farm weights from existing pairs shown in the image:
- HBAR/LCX: from 0.9% to 0.7% = -0.2%
- HBAR/JAM: from 0.3% to 0.2% = -0.1%
- HBAR/QNT: from 0.7% to 0.5% = -0.2%
These changes focus solely on removing incentives from pairs with minimal impact to better support the growth of $DINO liquidity.
Benefits (Pros):
- Proven Growth: $DINO’s rapid rise demonstrates strong community interest and engagement.
- Liquidity Improvement: A Yield Farm encourages deeper and more stable liquidity pools.
- Retail Attraction: $DINO provides an opportunity to bring new users and capital into Hedera’s ecosystem.
- Ecosystem Alignment: Activating $DINO Yield Farming reinforces SaucerSwap’s role as the go-to DEX for Hedera.
- Community Engagement: The launch of $DINO Social Staking incentivizes holders to actively interact with project content, leveraging LP tokens as multipliers for rewards. Combined with Yield Farming, this creates a dual-incentive system that strengthens liquidity while fostering engagement.
Downside (Cons):
- Volatility Risk: Memecoins are subject to significant price fluctuations, which may impact liquidity stability.
Voting
If this RFC progresses to the Proposal phase, the voting options will be as follows:
- Yes: Approve the Yield Farm of $DINO on SaucerSwap.
- No: Reject the Yield Farm of $DINO on SaucerSwap.
Roy 
Innovator-in-Residence
The Dino Corp