- Title: Proposal to Activate Yield Farming of 0.4% for V1_HBAR/HAI Pool
- Author: Jake N (Co-founder and marketing lead) Hyzen AI
- SaucerSwap Voting Interface: N/A
- Related Discussions: N/A
- Submission Date: 20/02/2025
This proposal outlines the activation of yield farming for $HAI, the native token of Hyzen AI, which powers HAI Bot—the most powerful AI aggregator on Discord.
Since its launch 5 months ago, HAI Bot has processed 12,621 total transactions on the Hedera network, including:
6,562 transactions in $HAI payments
6,059 transactions in $HBAR payments
Activating a 0.4% yield farm for the HBAR/HAI pool will incentivize liquidity provision, enhance liquidity depth, and provide stability for investors, further supporting HAI Bot’s growing ecosystem and the Hedera network.
Abstract
HAI Bot aggregates and gives access to 189+ LLMs (language models) and fine-tunes, along with numerous other AI modalities, all in one place. This includes AI models for text generation, coding, problem-solving, text-to-image, text-to-video, music generation, 3D model creation, and high-quality image editing tools. These image editing tools allow users to create, manipulate, and enhance images with precision, making it a comprehensive suite for creative tasks. HAI Bot is currently live on Discord and will soon be available on Web App and Telegram.
In addition to HAI Bot, at Hyzen Ai we have launched and are working on several other tools:
Babel: A cost-effective multilingual translation tool that allows easy communication across language barriers in crypto communities. Babel enables real-time translation of messages within Discord (and soon Telegram), making it easier for global communities to engage seamlessly and inclusively.
Gossip (Coming Soon): A decentralized, encrypted social platform that provides secure messaging, wallet features, and AI-powered tools. Gossip will be a standalone super app offering a wide range of features such as secure messaging, file transfer, wallet functionalities, and integrations with AI tools for a seamless user experience within the Hedera ecosystem.
HCS Encrypted Messaging (Open-Source): A HIP-proposed encrypted messaging service using Hedera Consensus Service (HCS) to ensure secure and immutable communications.
Prompts made to the AI models in HAI Bot are logged on Hedera Consensus Service (HCS), ensuring an immutable, transparent, and efficient credit system. These transactions contribute to the overall transaction volume on Hedera, benefiting the network and enhancing data analytics for AI usage.
Key Adoption Metrics (All-Time)
Total HAI Transactions on the Hedera Network: 12,621 transactions
6,562 $HAI transactions (payments to the bot in HAI)
6,059 $HBAR transactions (payments to the bot in HBAR)
Over 5 months of sustained usage and growth
Motivation
The HAI Bot ecosystem has already demonstrated real-world usage with over 12,600 transactions processed on Hedera. By activating yield farming for $HAI, we aim to:
Enhance liquidity pools for HAI and HBAR
Encourage long-term staking of liquidity
Provide stable returns for liquidity providers
Further expand HAI Bot’s footprint across multiple platforms and global communities
In addition, Babel plays a pivotal role in enabling multilingual communities across Hedera by making it easier for users from various linguistic backgrounds to communicate seamlessly in crypto and Web3 communities. By integrating Babel into Discord and soon Telegram, we aim to promote global engagement and create inclusive environments where everyone can contribute and interact.
Gossip will serve as a super app, offering a secure, all-in-one platform for users to communicate, manage their digital assets, and utilize AI-driven tools. Its integration with secure encrypted messaging and wallet functionalities will make it an essential app for those interacting with the Hedera ecosystem.
Deflationary Mechanism
$HAI Token follows a deflationary mechanism with a buyback and burn structure designed to ensure long-term sustainability. Specifically:
20% of profits from all Hyzen AI tools (including HAI Bot, Babel, Gossip, and others) will be directed to the buyback and burn of $HAI, reducing circulating supply.
5% of profits will be allocated to liquidity pool rewards to incentivize long-term liquidity providers.
5% of profits will be allocated to the Hash Pimp NFT staking to support the NFT community and staking rewards.
This system ensures a consistent reduction in $HAI supply, reinforcing its deflationary model.
Specification & Rationale
Technical:
Token ID: 0.0.5364570
Liquidity Pool: HBAR/HAI
Strategic Liquidity Growth:
-Deepens liquidity pools for $HAI and $HBAR
-Incentivizes long-term participation in the ecosystem
-Strengthens Hedera’s positioning in the growing DeFi sector
To secure a 0.4% farm, we propose the following adjustments:
BTC/USDC: 0.8% → 0.7% (-0.1%)
ETH/USDC: 0.7% → 0.6% (-0.1%)
AVAX/USDC: 0.6% → 0.5% (-0.1%)
HBAR/LCX: 0.9% → 0.8% (-0.1%)
These adjustments help optimize liquidity incentives without major disruption to existing pools.
Benefits (Pros)
AI Utility-Driven Growth: $HAI supports real AI tools with growing transaction volume
Deeper liquidity pools improve trading conditions
Babel promotes multilingual communication, facilitating global engagement
Gossip enhances the Hedera ecosystem with a super app integrating messaging, wallet, and AI tools
Strategic incentives for long-term liquidity providers
Strengthens Hedera’s DeFi presence with HAI Bot’s adoption
Downside (Cons)
Volatility Risk: AI-related tokens are subject to market fluctuations
Voting Options
Yes: Approve the 0.4% Yield Farm for $HAI on SaucerSwap
No: Reject the proposal
By supporting this proposal, SaucerSwap DAO members can help enhance liquidity for the $HAI token, boost HAI Bot’s ecosystem, and support the growth of the Hedera network. Your vote will contribute to the ongoing development of Hedera’s DeFi and AI ecosystem.