With the upcoming BSC bridge being deployed, the development team would like to add SEFI rewards to the top 5 BEP20 / SCRT LP Pairs. This will provide an immediate incentive for BSC users to bridge into Secret and begin yield farming SEFI. The ERC20 bridge was slow when first launched, until rewards were added. The goal is to stimulate better adoption this time around.
By providing 5 Pairs to trade with this will enable liquidity with a SCRT pair and allow cross chain trades, routing via SCRT, and allow for things like sETH to sBNB.
About 20 assets will be added to SecretSwap but the top 5, by BSC Marketcap, have been identified as having the most immediate potential to capture TVL over the new BSC bridge and help to drive growth forward.
Biz Dev and Awareness representatives have combined the runbook and will be approaching communities / coin teams with a proposition for a “New Exchange Listing” to make these opportunities more exciting and likely to gain traction in other communities.
Until a formal governance standard is setup for SEFI rewards, announcements will be posted on the forum for engagement, feedback, and to ensure community support ahead of the BSC bridge launch. Links to these announcements will also be posted in the appropriate Telegram and Discord channels to make sure there’s ample opportunity to go over and discuss this information.