[DCP-27] Migration from Apeswap to PancakeSwap

Proposal Discussions
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Proposal for Migration of BNB/RADAR Liquidity from ApeSwap/ApeBond to PancakeSwap V3

Summary

Context:

  • Current Liquidity: BNB/RADAR liquidity is currently hosted on ApeSwap/ApeBond.
  • Objective: Migrate this liquidity to PancakeSwap for enhanced market exposure and better marketing incentives.

Proposal:

  1. Migration of Liquidity: Move BNB/RADAR liquidity from ApeSwap/ApeBond to PancakeSwap.
  2. APR Structure: Implement a simple and attractive APR reward structure to incentivize liquidity providers.

Motivation

  • Market Exposure: PancakeSwap is one of the largest decentralized exchanges (DEXs) on Binance Smart Chain (BSC), offering significantly higher visibility and trading volume compared to ApeSwap.
  • Marketing Incentives: PancakeSwap’s larger user base and established reputation provide better marketing opportunities and potential collaborations.
  • Enhanced Liquidity: Improved liquidity depth on PancakeSwap can attract larger trades and reduce slippage, benefiting RADAR traders and holders.
  • Simplified Rewards: A straightforward and attractive reward structure will encourage liquidity providers to participate and sustain the BNB/RADAR pool.

Benefits of Migration

  1. Increased Market Exposure:
  • PancakeSwap’s larger user base will increase the visibility of the BNB/RADAR pair, attracting more traders and investors.
  • Higher trading volumes on PancakeSwap will enhance RADAR’s price discovery and market efficiency.
  1. Better Marketing Opportunities:
  • Leverage PancakeSwap’s marketing campaigns and community outreach to promote RADAR.
  • Potential for collaborations with PancakeSwap’s various programs, such as yield farming and staking, to further incentivize liquidity providers.
  1. Improved Liquidity Depth:
  • Higher liquidity on PancakeSwap will reduce slippage and improve the trading experience for large orders.
  • Attract institutional investors and large traders due to better liquidity conditions.
  1. Simplified Reward Structure:
  • Implement a straightforward APR reward system, similar to the one proposed for the SushiSwap V2 ETH/RADAR pool.
  • Daily Distribution: Set a fixed amount of RADAR distributed daily to liquidity providers.
  • Total Distribution: Define a total distribution amount over a specified period (e.g., three months).

Abstract

Introduction:

  • Current Liquidity Location: The BNB/RADAR liquidity is currently on ApeSwap/ApeBond.
  • Proposed Change: Migrate this liquidity to PancakeSwap to take advantage of its larger user base and better marketing potential.

Details of Migration:

  • Migration Process: Seamlessly move the liquidity from ApeSwap/ApeBond to PancakeSwap.
  • Reward Structure: Implement a simple APR reward system to incentivize liquidity providers.

Optimization of Liquidity Incentives:

  • Market Exposure: Increase RADAR’s visibility and trading volume by leveraging PancakeSwap’s platform.
  • Marketing Campaigns: Utilize PancakeSwap’s established marketing channels for promoting RADAR.
  • Liquidity Depth: Improve liquidity conditions to attract larger trades and institutional investors.

Future Improvements:

  • Ongoing Review: Continuously assess the performance of the BNB/RADAR pair on PancakeSwap and make necessary adjustments to the reward structure and liquidity incentives.
  • Community Engagement: Encourage feedback from the community to ensure the migration aligns with the interests of RADAR holders and traders.

Community Engagement

  • Feedback Invitation: Solicit feedback and engagement from the community before executing the proposal to ensure broad support and alignment with community interests.

Conclusion

The proposed migration of BNB/RADAR liquidity from ApeSwap/ApeBond to PancakeSwap aims to:

  • Enhance RADAR’s market exposure and trading volume.
  • Leverage PancakeSwap’s marketing opportunities for better promotion.
  • Improve liquidity depth and trading conditions.
  • Implement a simplified and attractive reward structure for liquidity providers.
  • Engage the community in the decision-making process to ensure alignment and support.

Thank you for taking the time to read this if you think its a good idea please vote and have a nice day

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2

Makes sense for us to repropose this now. Especially as the Snapshot regarding Sushiswap rewards for RADAR liquidity on Ethereum is complete. Snapshot

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3

that was close (the snapshot) how do i repropose it? just make another post? do i call it DCP-27? still cuz its gonna be a copy paste?

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4

Very close. I think RADAR holders are getting more conservative with spending to ensure that we keep our treasury intact, which is wise.

DCP-27.1 could work

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