Proposal: Adding Statera to the menu of the week

Summary

"Statera (STA) is a smart contract powered Indexed Deflationary Token (IDT), which synergizes with a trustless and community driven portfolio of class-leading cryptocurrencies.

Every trade for Statera creates an arbitrage opportunity. Trading attracts liquidity, which in-turn attracts trading. Liquidity ripples and the supply of Statera decreases." From the STATERA website : https://stateratoken.com/

Abstract

Adding STA / wETH pairs to the menu of the week could bring the dedicated STATERA community to this platform.

Motivation

Statera has a huge dedicated community which would also be great for SUSHI. They also recently released a new wrapped STATERA token(wSTA) that allows wrapping their core token directly into balancer pools which is hugely beneficial for the ecosystem.

Those pools highly benefit from big liquidity pools. Sushi would incentivizes providing Liquidity to the pools.

Specification

Adding STA / wETH SLP Pairs to the Menu of the week of Sushiswap.
(Optional) Adding STA / wSTA SLP Pairs to the Menu of the week of Sushiswap.

For

High volume is a huge driver of the STATERA burning mechanics which would also bring more volume and liquidity to SushiSwap.
The STATERA community has a huge following of users.

Against

STA-WETH SLP is not created yet, but it will be easy to do if this proposal passes. On Uniswap a similar Liquidity pool currently holds 150+ ETH.

Should a STA / wETH SLP pair pool be added to the Sushiswap weekly menus?

  • Yes
  • No

0 voters

New to Sushiswap and I’m also close with the Statera community. They really do have a solid following and this will definitely get a lot of new LPs onboard

Menu of the Week got replaced by the Onsen.
If you and/or the Statera devs want to apply for it, read through it here SIMP #2 - Onsen

Would love to see Statera on Sushiswap at some point