Pylon Swap Improvement

With recent launch of $PSI and $VKR many members of the community were disappointed. So here’s my simple solution for future projects.

Let’s imagine Project Saina wants to swap 1,000,000 $SAIN tokens through Pylon. It will be divided in to 4 potential pools.

Pool 1. Long term stakers.
250,000 $SAIN will allocated for wallet which staked certain amount of $MINE for more than a month.

Pool 2. KYC
250,000 $SAIN for people who completed KYC and other requirements by the Project Saina team.

Pool 3. All the other stakers.
250,000 $SAIN for people who are staking at least 1000 $MINE. Separate from pool 1.

Pool 4. This one is up to our imagination.
Pylon team can try new things through this pool. Whitelist lottery, $LUNA stakers whatever.

This way we will not hurt members who are under different situations.

Thanks for reading this far.

3 Likes

I would add the following points:

  1. pools should open and close at different times in order to move leftover tokens to the next pool
  2. there should be a maximum allocation for each pool (proportional to the amount of $MINE in staking)
  3. the staking of $MINE should also be required in pool 2
  4. in pool 2 and 3 the staked $MINE should be locked for at least 2 weeks

NB: however I would rise the staking and locking periods… for example 2 months (of staking) in pool 1 and 1 month (of lock) in the other pools

2 Likes

I think all swaps require KYC. If I’m wrong then that’s great bring on more swaps without KYC.

There should absolutely be staking requirements for swaps.

2 Likes