Proposal for NULS Node Renewal Funding
- Introduction
Nulswap is at the heart of the NULS ecosystem, serving as a crucial decentralized exchange (DEX) that facilitates liquidity and trading within the network. As NULS embarks on a rebranding and restructuring journey focused on innovation, adoption, and user engagement, it is essential to align Nulswap strategy to support this new direction.
To achieve sustainable growth, we believe that a renewal of the funding from 4 NULS nodes is pivotal. This will enable us to continue delivering critical improvements to Nulswap, attract liquidity providers, and foster a stronger user base.
- Objectives
The primary goals of this proposal are:
- Increase liquidity by incentivizing key trading pairs and expanding pool diversity.
- Boost lending adoption by implementing attractive rewards for borrowers and lenders.
- Strengthen community engagement through targeted campaigns aligned with NULS new brand identity.
- Introduce innovative AI-powered solutions such as aiNULS and improve token launches via boosted liquidity pool (LP) rewards.
- Strategic Plan
A. Liquidity Incentives:
Provide rewards for the following strategic pairs to ensure strong market depth and appeal:
BTC/NULS
ETH/NULS
NULS/USDT
Roll out reward programs for new pairs to attract liquidity after initial adoption targets are met.
B. Lending Rewards:
Increase participation in the lending markets by offering additional rewards to incentivize borrowing and lending.
Conduct educational campaigns to inform users on the benefits of using lending protocols on Nulswap.
C. Marketing and Social Media Outreach:
Strengthen Nulswap presence across social media channels to amplify visibility and adoption.
Launch targeted campaigns with reward-based incentives to engage the community and showcase new platform features.
D. aiNULS Integration:
Introduce aiNULS to enhance user experience and engagement through AI-driven features.
Ensure that new tokens listed on Nulswap are supported by boosted LP rewards to facilitate seamless integration and adoption.
- Funding Justification
The previous funding provided by the 4 NULS nodes played a significant role in maintaining liquidity incentives and supporting platform improvements. Renewing this funding will enable us to:
Increase liquidity and trading volume: Focus on key pairs such as BTC/NULS, ETH/NULS, and NULS/USDT to strengthen market depth and provide a robust trading experience.
Attract BTC and ETH liquidity into the NULS network: Bringing more BTC and ETH into the ecosystem increases the Total Value Locked (TVL) and enhances the platform’s appeal to external users. Additionally, users gain more utility, as BTC and ETH can be used to pay gas fees on the NULS chain.
Support node operators and stakers: By increasing the volume of BTC and ETH used in transactions, the gas fees generated in these assets benefit nodes and stakers, creating stronger incentives for network participation and node operation.
Increase on-chain activity: A higher influx of BTC and ETH liquidity will lead to more transactions (TXs) on the NULS network, promoting greater network usage and engagement.
Boost adoption through lending incentives: Additional rewards for lending will encourage users to participate in DeFi features such as borrowing and lending, increasing overall activity on Nulswap.
Strengthen community engagement: Implement targeted social media campaigns and educational initiatives to align with the NULS rebranding and attract new users to the ecosystem.
Enhance token launches with LP support: Ensure that new tokens listed on Nulswap gain momentum through boosted liquidity pool (LP) rewards, enabling a seamless introduction and integration into the market.
Leverage aiNULS for user engagement: Introduce AI-driven features that improve user experience and engagement, making Nulswap a more intelligent and efficient platform.
- Key Metrics of Success
We will track and report the following KPIs to measure the impact of the funding:
Total Value Locked (TVL): Growth in liquidity across the platform.
Trading Volume: Increase in daily and monthly trading volume.
Active Users: Growth in the number of active wallets interacting with Nulswap.
Lending Participation: Increase in lending and borrowing activities.
Social Media Metrics: Engagement rates across campaigns and community channels.
- Duration
We propose that the funding from the 4 NULS nodes be renewed for a period of 12 months. This timeframe will provide sufficient runway to implement the outlined strategies, measure key performance indicators (KPIs), and make necessary adjustments to ensure sustained growth.
A 12-month period also aligns with the rebranding and restructuring efforts of NULS, ensuring that Nulswap remains in sync with the broader ecosystem initiatives. Regular progress updates will be shared to demonstrate achievements and maintain transparency with the community.
- Conclusion
By renewing the funding from 4 NULS nodes, we will ensure that Nulswap remains a central pillar of the NULS ecosystem, driving liquidity, user engagement, and innovation. This proposal outlines a clear strategy to leverage this support for sustainable growth and successful adoption of NULS new initiatives.
We appreciate your consideration and look forward to your support in helping Nulswap achieve its full potential.