I propose the PowerPool Project offer an incentive for those that provide liquidity to a PIPT/USDC Uniswap Pool. PIPT is the trading token for the PowerPool Index which consists of 8 Major DeFi Projects. The rewards for users funding liquidity to this pool would be 250K CVP per month supplied by the PowerPool Treasury. Any CVP Rewards would be vested over 10 weeks. The following benefits should be achieved by passing this proposal; 1 - additional exposurer for the Token to Users who are most comfortable with the Uniswap interface, 2 - an additional low cost trading option, 3 - the ability for trading arbitrage benefiting both traders and liquidity providers 4 - increased price stability for the PIPT token by establishing a USDC trading pair and lastly 5 - Offering incentives to provide Liquidity thru another pool gives the community yet another reason to hold the PIPT Token.
Until the MainNet Launch, there had been a liquidity pool available on Uniswap to help with the adoption of the PowerPool Index Token - PIPT. That pool no longer exists. By re-stablishing this pool, it will offer another means to easily trade the token with low transaction fees. Currently if one purchases the token from PowerIndex.io, the Eth fees can run 40-50 dollars to purchase PIPT Tokens.
When looking to purchase the PIPT token at a much lower fee, an option does currently exist thru the Balancer Exchange. The issue with Balancer being the only low cost option is that most crypto investors aren’t nearly as familiar with that site versus using Uniswap. The differenent trading pairs - PIPT/ETH in the Balancer Pool vs PIPT/USDC in the New Proposed Uniswap Pool - could allow for price arbitrage benefiting traders as well as generating additional fees for the liquidity providers for both pools. In addition, offering a trading pair pegged to USDC can help provide price stability for the PIPT Token.
Offering an additional Liquidity Pool with Incentive Rewards gives yet another reason for the community to purchase and hold the PIPT token.
There may be a very good reason the team chose to eliminate an incentive for a Uniswap Pool. Possible reasons could include; Exclusivity agreement with the Balancer Project or Technical Issues with controlling price across multiple platforms (Balancer / Uniswap) with different trading pairs PIPT/ETH vs PIPT/USDC. Based on the teams response as to why incentives for a Uniswap Pool were eliminated could cause this proposal to be invalidated.