Bongswap is the first Uniswap V2 based AMM on Optimism. We like our fees low and optimism “high” and are currently live on app.bongswap.com
The governance token for BongSwap is $BONG with no supply cap. To ensure fairness and trust right off the first drag, there is no allocation for the team or any investors. We intend to be fully community owned DEX in its true sense.
Liquidity mining program would start from 10th Jan, 2022 for the following pairs:
WBTC-ETH
USDT-ETH
DAI-ETH
sUSD-ETH
USDC-ETH
LUSD-ETH
BONG-ETH
RAI-ETH
PERP-ETH
UMA-ETH
UNI-ETH
SNX-ETH
LINK-ETH
ENS-ETH
The $BONG emissions are set at 5 million BONG/month and the LP providers in the first 2 weeks will get a 10x multiplier on their rewards. After 6 months, we will initiate the ve token model for distributing fees earned through protocol and vote to decide farming rewards, similar to the Curve Model.
Oh and did we mention that there’s an initial $BONG airdrop for Defi users on Ethereum?
It’s high time for better governance and tokenomics for an AMM DEX. Drop by our Discord and say hello to your fellow bong heads.
LFG.
