As the mission of B.Protocol is to become the backstop protocol for DeFi, the main growth vector is integrating with as many qualified lending and trading DeFi protocols which look to scale their liquidation system. Currently in B.Protocol v2, each integration consists of a unique liquidity pool that will be used for liquidations on the integrated platform. In order to incentivize early users to deposit into these pools, a liquidity mining program will be put in place that will include incentive rewards from both B.Protocol and the integrated protocol (where applicable), aiming to cover for approximately 10% APRs. With this allocation we estimate we can incentivise deposits of at least $10m into the different backstop pools, that can be used for up to $100m of liquidations.
We are happy to share that the team is discussing a few new native integrations for B.Protocol v2 and aiming to finalize the details in the coming weeks -
- MakerDAO new Vault (passed MKR governance vote).
- bZx (finalizing details).
- Rari Capital’s Fuse/Market.xyz (finalizing details).
- A few more platforms (to be announced soon).
For this purpose there is an initial (and quite immediate) need of allocating 200k BPRO that will be distributed to users who will deposit into the backstop pools of these new integrations (this is needed to finalize the incentive details of the joint LM programs). The distribution of the BPRO rewards to LPs will be made available to LPs only once the BPRO staking mechanism is in place.
Result if passed : Allocating 200k BPRO to a dedicated account under the control of the Multisig to be used as incentive rewards for new native integrations.
*For the full discussion over this proposal please check this thread -