Enable BNBXBT/WBNB (0.25% fee tier) V3 gauge on BNB Chain

Gauges
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Overview:

BNBXBT Labs is building the next generation of AI-powered intelligence for the Binance Smart Chain. Focused on providing actionable on-chain and social insights, the project helps users stay ahead in the fast-moving crypto market. BNBXBT is the pioneering AI agent in the BNB Chain space, built on the robust ElizaOS framework and powered by Agentic RAG for in-depth BSC research.

Proposed Bribe Structure

  • Total Allocation: $4,000 worth of BNBXBT tokens.
  • Duration: Starts with 4 epochs (1 epoch = 2 weeks). Depending on results could be extended.
  • Bribe Distribution: Approximately $1,000 worth of BNBXBT tokens per epoch to incentivize voters via Cakepie and secure CAKE emissions.
  • Gauge Fee Tier: 0.25% on PancakeSwap V3

Details

Boost Multiplier and Emission Cap: 1.00x boost multiplier and 1% emission cap.

Rationale for 0.25% Fee Tier

The 0.25% fee tier is optimal for BNBXBT/BNB, striking a balance between liquidity depth and fee revenue for LPs while accommodating the trading volume.

Implementation Plan

  • Pool Deployment: The BNBXBT/WBNB pool is live on PancakeSwap V3 with a 0.25% fee tier on BNB Chain.
  • Liquidity Incentives Launch: Kick off liquidity incentives by distributing $4,000 worth of BNBXBT tokens over 4 epochs. ($1,000 per epoch)
  • Performance Monitoring: Continuously track and assess key metrics such as TVL, trading volume, and LP participation to measure effectiveness and implement necessary adjustments.
  • Promotion and Outreach: Drive awareness by actively marketing the gauge and bribes through BNBXBT socials and partners.

Expected Outcomes

  • Cost-effective CAKE rewards for BNBXBT/WBNB LPs through a PancakeSwap Farm.
  • Increased TVL for the BNBXBT/WBNB liquidity pair.
  • Higher trading activity and improved liquidity on BNB Chain.
  • Greater visibility and adoption of the BNBXBT token among BSC users.

Conclusion

This proposal aims to activate the BNBXBT/WBNB gauge at the 0.25% fee tier on BNB Chain, reinforcing BNBXBT liquidity and expanding its ecosystem reach. With an allocation of $4,000 in bribes over 4 epochs, the objective is to attract LPs, stimulate network growth, and enhance BSC’s presence in the wider crypto landscape. This initiative is structured to create lasting benefits for both PancakeSwap and its users, driving platform expansion while delivering attractive incentives for participants.

Links

Documentation: Not live

Github: Not public

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Thanks for submitting your application!

After our review and internal team discussions, we believe now is not the best time to offer you a gauge. We are genuinely grateful for your timely responses to our questions and efforts in filling out the application.

However, we are keen to re-evaluate your application once such pool gains more traction.

Let us know if you have any comments or questions otherwise let’s revert soon!