GE Name: DEFI+S L2 onboarding
Time frame : July 2021
Hypothesis: Price for DEFI+S is not being tracked well by coingecko and coinmarketcap. If we onboard it to an L2, transaction volume can be generated for this coin in hopes for trackers to update their price feeds with higher frequency. Both coingecko and coinmarketcap are highly used by people (including myself) to check how their portfolio is doing and interesting projects to invest in. Price visibility is therefore crucial.
Description: Use LoopRing’s Liquidity Mining Campaign form (https://loopringexchange.typeform.com/to/T0bgsodw) in hopes we can speed up the process to get listed by them. Their lowest amount of liquidity incentive is 5k , which I believe we could provide in DOUGH.
Metrics: Coinmarketcap and Coingecko updated price feeds for DEFI+S. Volume of transactions in Loopring.
Definition of success: Coinmarketcap and Coingecko will start to list pricing for DEFI+S. This isn’t immediate though, since both usually take some time to find / update their pricing feeds.
Resources: $5000 for liquidity incentive, time to submit form and speak with LoopRing.
Deliverables for GE Champion
- [ ] Loopring form sent and campaign started.
- [ ] Communicate with coinmarketcap and coingecko for them to track new DEFI+S available market.
- [ ] Present results of the GE to the monthly community call.