Enable OSAK/WBNB 1% gauge on BNB Chain

Gauges
1

Overview

Osaka protocol is quickly expanding crosschain and would like to make PancakeSwap a key piece its liquidity strategy, as it combines all the features needed to deepen liquidity in an efficient manner for the project.
The protocol therefore requests a gauge whitelist for its only BNB Chain pool, the OSAK/WBNB 1% tier, which will help increasing OSAK’s presence on BNB Chain.
Should the gauge whitelist be granted, Osaka protocol is willing to incentivise veCAKE voting to reward veCAKE voters who will help the pool grow its liquidity, as it has been doing for the past month for the OSAK/WETH 1% pool on Ethereum.

Background

Osaka protocol is a decentralized finance initiative that aims to create an environment of equality and shared responsibility, promoting the concept that ownership percentage equates to one’s level of responsibility and influence. Each holder’s power is proportionate to their ownership stake, It aims to cultivate a thriving ecosystem driven by community collaboration and true decentralization.

OSAK is already available on Ethereum, Avalanche, and BNB Chain, and plans to expand on more chains in the future. It’s total liquidity consistently exceeded $1m since its launch in April 2023, and is on a growing trend as deepening liquidity for the OSAK token is key to the project’s strategy.

OSAKA protocol decided to make PancakeSwap the cornerstone of its liquidity strategy, as there are three key elements which make it an unrivalled DEX for volatile tokens with deep liquidity:

  • Cross chain presence
  • v3 concentrated mechanics
  • veTokenomics

Osaka protocol already deployed two pools on Ethereum and BNB chain, and was granted a gauge for its Ethereum pool. It would now like to focus its development on BNB Chain and start by asking for a gauge whitelist for the OSAK/WBNB pool (1%).

Should the gauge be added, veCAKE holders will benefit from it as most of the volume of OSAK should go through the pool (since v3 pools proved to be more efficient), and the protocol will use veCAKE vote incentives to deepen the pool’s liquidity.

Details

  1. Boost Multiplier and Emission Cap %: 1.00x boost multiplier and 5% emission cap
  2. Token Utility: OSAK is the governance token of Osaka protocol.
  3. Volatility: OSAK is relatively volatile and has seen volumes consistently around $250k daily on average in the recent past.
  4. Oracles: No oracles are involved.
  5. Control: the contract is immutable and no centralised party can control it.
  6. Merit: Should the gauge be added, veCAKE holders will benefit from it as most of the volume of OSAK should go through the pool (since v3 pools proved to be more efficient), and the protocol will use veCAKE vote incentives to deepen the pool’s liquidity. Furthermore, if granted this opportunity, Osaka will keep deploying their native liquidity pools on new chains on PancakeSwap to make it it’s go to place to acquire the OSAK token.

Links

  1. Token address: 0x11cd72f7a4b699c67f225ca8abb20bc9f8db90c7
  2. Liquidity pool address: PancakeSwap
  3. Website: osaka.win
  4. Socials:
  1. Documentation: Hello Frens,. My name is Mephisto and I am a… | by Mephisto | Medium
  2. Github: osakaprotocol · GitHub
  3. Any other relevant links:
2

Hey team!

Thanks for reaching out – we’ll be in touch soon via telegram.

Thanks, Icy

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Osaka protocol’s proposal to secure a gauge whitelist for the OSAK/WBNB pool (1%) on PancakeSwap showcases a strategic initiative to deepen liquidity and expand its presence on the BNB Chain, aligning with its commitment to fostering decentralization and community collaboration. By leveraging PancakeSwap’s cross-chain presence, v3 concentrated mechanics, and veTokenomics, Osaka protocol aims to incentivize veCAKE holders to participate in governance, thereby enhancing liquidity provision and ensuring a thriving ecosystem. With the potential benefits for veCAKE voters and the promise of continued expansion across new chains, granting the gauge whitelist for the OSAK/WBNB pool emerges as a pivotal move in advancing both Osaka protocol’s objectives and the broader DeFi landscape. :grinning:

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Thank you for your application! The Kitchen has enabled the OSAK/BNB (1% fee tier) V3 gauge on BNB Chain with 1x boost multiplier and 1% emissions cap.