DappRadar To Launch a Whole New ApeSwap Treasury Bills Initiative

DappRadar Community Proposal 6 (DCP-6) aims to increase DappRadar’s DAO’s protocol-owned liquidity. 

For this purpose, ApeSwap will host a new Treasury Bills promotion. The DappRadar and ApeSwap DAO teams worked together to write this proposal.

Liquidity Methods

DappRadar DAO currently uses two distinct liquidity methods. Rental liquidity and protocol-owned liquidity are the names of the liquidity schemes. 

The former delivers substantial depth and minimal slippage. The latter gives the DAO more authority over the liquidity of the market. 

SushiSwap and ApeSwap are the two separate sites providing DAO liquidity.

SushiSwap’s liquidity could disappear after the rental is over. This is due to the LPs being compensated in tokens to keep the liquidity high. 

Even though ApeSwap offers a comparable service, it also provides a liquidity plan called Treasury Bills. For more liquidity, Treasury Bills pay the DAO in POL tokens.

The DAO asserts that although having associated benefits, their rental liquidity plan has a high running cost. Even while the program does offer linked advantages, this is the case. 

In particular, the DAO first paid LPs on SushiSwap with around 555 thousand RADAR daily. The goal was to amass a cash reserve of over $1.6 million.

ApeSwap Treasury Bills Initiative

On ApeSwap, however, Limited Partners (LPs) received a daily payout of 261,000 RADAR. Consequently, there is a liquidity of about $200,000, along with an additional POL of 120,742.

In terms of its treasury, liquidity, revenue, and user base, ApeSwap has picked up some steam. However, the corporation would want to progressively reduce its reliance on rental liquidity. 

The corporation will also boost the quantity of Protocol-Owned-Liquidity while doing this. We have already started the process of increasing the incentive for protocol-owned liquidity. 

At the same time, we are lowering the incentive for leased liquidity.

When the community approves the idea, the DAO will distribute 40,769,233 RADAR. Over the next 180 days, this equates to around 226k every day. 

The ApeSwap Treasury Bill program will benefit from the allotment. The funds will be distributed to increase the protocol’s treasury’s available liquid assets.

About DappRadar

To put it simply, DappRadar is a global marketplace for distributed applications. It is run on its cryptocurrency, $RADAR. 

The company was established in 2018. More than 12,000 decentralized applications (dapps) are already registered on fifty distinct blockchains. 

Blockchains like BSC, Ethereum, Polygon, Fantom, Avalanche, and Flow are just a few examples.