I will link proposal here after some time for discussion before proposal is submitted
Elk finance has recieved $20,000 in $STAKE rewards to incentives liquidity providers and thus liquidity flow to Gnosis chain for the months of Nov-Dec. As of Dec 25th Elk was awarded another $20,000 in GNO rewards incentivizing the xdai-ELK, GNO-ELK pair. Elk is a burn and mint bridge migrating to decentralized node operators which allows liquidity flow from any of the networks including; ftm, matic, avax, bsc, moonriver, gnosis and many others. Elk is using the $GNO rewards as an opportunity to ignite some cross marketing exposure by asking protocols if they are interested in partnering in this program as well.
Since the start of the program in Nov Elk finance has seen ~$2.5M in transfers to gnosis chain across the elkNet. The following protocols have participated since Nov: STAKE, FOX, AGVE, HNY, BRIGHT, SYMM, COLD, PUNKS, XGT, and RARE. Most recently FOX has requested to renew another 42 days starting in early Jan.
The idea is $GNO is rewarding xdai-elk and gno-elk pools. $ELK is rewarding all other pools at a rate to maintain approximately 100% APR. Elk has been partnering with as many protocols interested in providing some amount of incentives such as $5,000. As new partners rotate through the program they would see these projects receiving high rewards and would provide marketing and network exposure. An ama and/or an article can be published and ocassionally retweeting each others protocols and the farms to maintain exposure is requested as well.
Expected duration or delivery date (if applicable):
pending proposal execution to fund approximately $5k in $GIV to the elk-giv farm on elk.finance. dual reward farm will last 42 days, during this time we will continue to discuss opportunities with giv stream see discussion here. elk will tweet about the farms along with an ama to increase giveth exposure to the broader elk community.
Amount of GIV requested: 12,195 $GIV ~$5,000 for 42 day period (updated on feb 27, 2022)
xDaaddress where funds shall be transferred: