PYTH Incentives Matching for EURC, ONDO, and PAXG

Growth Rewards
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Summary

Alterscope proposes an incentive matching in rEUL for EURC, ONDO, and PAXG markets worth a total value of $25,000 over two months.

About Alterscope

Alterscope provides the platform for processing and modelling risk in real-time across chains, protocols, and liquidity pools.

Alterscope integrates Pyth as one of its key oracles. Pyth is offering incentives of 50,000 PYTH and we propose a matching incentive under the Reward EUL (rEUL) program.

Incentive Program Structure

  • Markets: EURC, ONDO, PAXG
  • Matching Request: 50,000 PYTH (total value c. $25,000)
  • Incentive Program Proposal: $25,000 in rEUL over two months
    • $20,000 for EURC ($15,000 supply, $5,000 borrowing)
    • $2,500 for ONDO (supply side)
    • $2,500 for PAXG (supply side)

Rationale & Benefits for Euler DAO

  • Bootstrapping of Stables: Incentivizing users to establish Euler as their go-to lending platform for EURC.
  • Enhancing Liquidity Dynamics: Enabling first credible borrowing options for stablecoin collateral in vault cluster.
  • Additional Revenues for Euler DAO: Currently, markets are set up so that all revenues go to Euler DAO (may be subject to changes in future).

Community

We welcome feedback from the community and look forward to aligning with Euler DAO to grow.