Below I have an updated version of the proposal with the agreed upon amendments:
SCGP Onchain Trading Competition
Title: SCGP Application: Onchain Trading Competition
Applicant Info:
- Name: Guzman
- Telegram: TG @Guzman_MassAdoption
General Info
- Initiative: Seamless Onchain Trading Competition
- Project Sector/Type (select one): Liquidators | DEX Liquidity | ILMs | Governance Tools | Other
- Summary: Create an on-chain trading competition for $SEAM on Base Dexes. The competition will feature a leaderboard and a $10k esSEAM prize pool split among top volume traders. The competition would run from Sunday, May 19th, to Thursday, May 23nd, and capture trading volume on these Dexes:
- Uniswap v2
- Uniswap v3
- Sushiswap v1
- Soswap v1
- Scale v1
- Openocean v2
- Aerodrome v1
- 1inch LOP v4
- Infusion
- About the Author: Guzman is a Seamless community member who participates as a Seamless delegate and is the writer of the monthly State of Seamless Blog posts.
- Relevant Links (website, github, discord, twitter, gitbook, explainer decks, etc):
- For transparency, the following Dune sql query would be used to generate a leaderboard and be publicly displayed. Rewards would be given based on the relevant metrics in this table. Note: the query would be updated to reflect the trading competition’s exact start and end dates
- Market Research (target users, competitors, market potential, pain points):
Target users are the Seamless community and other Base community members.
Detailed Project Info
- Start Date: Wednesday, May 22nd, 2024
- Goals/Objectives + Relevance to Seamless Protocol/Community:
To boost volume and liquidity of SEAM on Base Dexes, to encourage LP pool activity. - Roadmap:
NA - but future trading competitions could feature larger budgets, more diverse metrics ( potentially incorporating a PnL element), and include both DEXs and CEXs. - Relevant Milestones/Metrics (Now and Future):
Participation in the trading competition will help determine its success and give a good sense of demand for future trading competitions. Total # wallets/users participating and the growth of volume and liquidity can be examined after the competition. - Funding Request + Budget Breakdown:
Total: 10,000 esSEAM to be used as a prize pool for the trading competition
If the trading competition is deemed successful, have the option for another immediate trading competition with a 15,000 esSEAM budget.
Reward Distribution (denominated in esSEAM)
- 1st Place: $2,500 in esSEAM
- 2nd Place: $1,500 in esSEAM
- 3rd Place: $1,000 in esSEAM
- 4th Place: $700 in esSEAM
- 5th Place: $600 in esSEAM
- 6th Place: $500 in esSEAM
- 7th Place: $450 in esSEAM
- 8th Place: $400 in esSEAM
- 9th Place: $350 in esSEAM
- 10th Place: $275 in esSEAM
- 11th Place: $250 in esSEAM
- 12th Place: $225 in esSEAM
- 13th Place: $210 in esSEAM
- 14th Place: $200 in esSEAM
- 15th Place:$180 in esSEAM
- 16th Place: $165 in esSEAM
- 17th Place: $150 in esSEAM
- 18th Place: $135 in esSEAM
- 19th Place: $110 in esSEAM
- 20th Place: $100 in esSEAM
Other Info
- Please link to any previous work that showcases your expertise: https://dune.com/queries/3705048/6234032
- Anything else we should know (e.g. existing partnerships, early adopters/community)? NA
- Where did you hear about the Seamless grants program? Discourse
- Have you received any other funding (vc/institutional, angel and/or other DAO/grant funding)? No
- Wallet Address that can accept ERC-20 Tokens on Base (this will be directly verified again prior to funding): Winners will be announced and can be transparently confirmed via the public Dune query. SCGP can then fund the winning addresses within 5 days of contest close.