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muratTokensfund

issue commentairswap/airswap-aips

AIP 50: Gas Refunds for AirSwap Community Members

Staking has been relatively even over the last 3 months - https://dune.xyz/queries/23796/49281

Unstaked 350k AST (Aug 16 - OCT 11)

Moving back to the topic without trying out this AIP we can't predict the outcome blindly. I am confident that this will encourage people to do more Swaps & stake more AST!

muratTokensfund

comment created time in 2 months

issue commentairswap/airswap-aips

AIP 50: Gas Refunds for AirSwap Community Members

Maybe let the community decide via voting?

This AIP was created to increase interest in staking. (I would like to see the stats for the last 3 Months) Benefits for stakers to enjoy gas-free trades. If you staked AST and regular trading on other DEX they will start using the New web. Not sure how the last protocol works but makers not going to pay from their own pocket right?

muratTokensfund

comment created time in 2 months

issue commentairswap/airswap-aips

AIP 50: Gas Refunds for AirSwap Community Members

Some thoughts on the AIP. I like the idea of gas rebates as a promo to go alongside our new Last Look protocol (gasless trades), but there's some complications you would have to consider.

The main issue is how this would interact with our Last Look protocol

In gasless trading, Makers pay for gas fees. Hence to account for this they would give slightly lower quotes to make up for the gas. If we give out gas rebates, users might be incentivized not to try our new gasless trading feature.

Also, remember that Makers are also stakers. This means that in Last Look, they would qualify for the gas rebate (personally I think this is a good thing - because it would encourage more Makers to try out Last Look without worrying too much on the impact of gas)

With that said - we should implement some caps around the promotion. Personally I think 1M AST ($250,000) is way too much for such a promo. Personally I would cap it at 100K AST ($25,000) - if the total amount is more than the cap, then the rebate will be pro rated for each person.

We can cap the reward to 100k AST, see how it goes!

muratTokensfund

comment created time in 2 months

issue commentairswap/airswap-aips

AIP 50: Gas Refunds for AirSwap Community Members

Aren't we going to get a big "inflation" short term ? Will it concern people who swap via the metamask "swap" function ? or only via the web app ?

Only Via Web App & to be eligible users will need to stake AST.

muratTokensfund

comment created time in 2 months

issue openedairswap/airswap-aips

AIP 50: Gas Refunds for AirSwap Community Members

Summary

To celebrate the upcoming launch & encourage community members to do swaps on AirSwap web. I am proposing gas refunds for any transaction on AirSwap web till 31 Dec 2021.

Specification

Users will need to stake AST during this period to be eligible for gas refunds.

Staking of 1,000 AST allows users to get a 25% gas refund; Staking of 10,000 AST allows users to get a 50% gas refund; Staking of 100,000 AST allows users to get a 75% gas refund; Staking of 1,000,000 AST allows users to get a 100% gas refund.

Budget

Up to 1M AST tokens allocated for this Campaign. Contributors can decide the final amount.

Copyright

Copyright and related rights waived via CC0.

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