[IMPACT]
Bridge liquidity for top protocols in the form of ADA or a Stablecoin. 9 protocols will be selected based on their TVL (Milkomeda based or Cardano based). Their TVL needs to be under 10M to be able to be selected, the next criteria is just based on their TVL using https://defillama.com/chain/Cardano (and any other platform that supports Milkomeda for Cardano).
Providing liquidity to DEXes generates revenue which will be kept in the protocols indefinitely. This solution will help to bootstrap different projects with low liquidity.
Milkomeda will be used as a bridge to bridge USDC / USDT / Other stablecoin to Cardano.
This will act as an incentive to projects to migrate to Cardano (or Milkomeda for Cardano) by getting some extra incentives to be able to compete with other stablished projects.
- Not enough projects will migrate: work with multiple partners to attract good projects.
- Define clear rules before the selection so it is a transparency and fair process
[FEASIBILITY]
- two weeks to create a landing page and set up the rules
- (in parallel) work in attracting projects
- define the winners in a transparent way and provide liquidity
9 protocols will be selected based on their TVL (Milkomeda based or Cardano based) so each one will receive 10k.
dcSpark is one of the core developer of the Milkomeda protocol also it has delivered multiple catalyst projects in a successful way.
[AUDITABILITY]
At least 5 projects should have launched recently and they benefit from this.
At least 5 projects should have launched recently and they benefit from this.
New proposal
