Incentive Proposal for Surf V2

Protocol/Gauge Name:

Provide the full name of your protocol or project e.g.: Uniswap V3 - pufETH/stETH

  • Surf Protocol

Protocol Description:

  • Surf Protocol V2 is designed to empower token by providing unique trading and yield-generating opportunities tailored to support individual tokens.

Protocol Overview:

Surf V2 draws inspiration from DeFi platforms like Jupiter and GMX, where liquidity provision acts as the counterparty to all trades via oracles. However, these platforms only allow a limited number of assets to be used as either LP or trading collateral, leaving 99% of tokens unsupported.

Meanwhile, there is increasing demand from traders to use multiple tokens as collateral to enhance their capital efficiency. This is where Surf comes into play.

To improve user experience, settlement and deposits are handled off-chain. However, the Surf team is actively working towards creating a dedicated trading chain, aiming to deliver the seamless experience of centralized platforms while retaining the transparency benefits of blockchain decentralization.

Key Features:

Any token supported on Surf V2 offers two key utility features for holders:

  • Liquidity Provision: Holders can stake tokens into a liquidity pool, serving as counterparties to traders from the community. This allows holders to earn trading fees and profits from trading losses.

  • Collateral Utilization: Holders can use their tokens as collateral to trade popular perpetual assets, optimizing fund utilization

Distribution Method:

*Please confirm distribution method (Merkl usage or StakerERC20 contract address)

To be confirmed.

Pool Addresses:

Please provide the recipient Pool addresses (chain name: address)

To be confirmed.

Incentive Impact Statement:

Incentives are designed to achieve two key goals: user education and growing the user base.

By depositing Puffer assets, users can start trading or LPing and earning incentives, helping to enhance user growth within the Surf ecosystem. Furthermore, users can participate in our future marketing campaigns to earn rewards.

Eligibility Verification:

Please provide a link to your protocol, any security audits for protocol deployment, vaults, etc. If you have (or plan to launch) an active deployment of your protocol on Puffer UniFi please provide whether it includes security audit status, open source status.

To fulfill the eligibility criteria all protocols should provide a rationale as to how they add value to the ecosystem. Additionally, if you’re solely an asset provider, provide a verified contract address to your asset on Puffer UniFi

Link: betav2.surf.one

Logo URL, please provide us with the logo (ideally IPFS):

Any Other Resources e.g. direct URL to pool, docs, etc.

Contact Information:

Provide contact details for further discussions, such as an email address, Telegram handle, or Discord username.

  • TG handle @tony10351
3 Likes

Proposal: Incentive Proposal for Surf V2 was escalated to the internal review committee on 11th February.

Status: DECLINED

Hi @Tony appreciate you submitting your proposal, following our internal review, the conclusion was that your proposal needs some revisions. I’d highly suggestion making sure all of the sections from the pre-populated template are reflected, additionally the audit link provided doesn’t appear to work.

We look forward to your revisions, and re-submission.