Governance Council | April 20

Notes from today’s Governance Council, hosted by Evmos DAO on Discord

Evmos Proposal 142

• Multisig liquid staked 1m Evmos as outlined in proposal

• Small amount of liquidity added to pool for test period

• Test period to ensure UniV3 position is set correctly

• Successful test run

• Awaiting incentives for larger push

• Follow position at: https://app.forge.trade/#/pool/693

• Generated 9 stEVMOS and 11 WEVMOS so far

• Fees to cover Forge operating costs and support community grants and giveaways

• Community to be updated on progress

Revert Finance

• Tools for better viewing positions coming soon

• Excited to be part of Forge and Evmos community

• Submitted proposal with Evmos DAO and Forge for deploying Revert tools

• Find proposal here: https://www.mintscan.io/evmos/proposals/143

Product Offerings and Supported Ecosystems

• Started as DEX aggregator focused on liquidity providers

• Built tools for Uni V2, SushiSwap, and Uni V3

• Analytics and backtested info for liquidity providers

• Database of positions and filterable parameters

• Incentivizing liquidity using vesting parameter

Incentives Tool and Vesting

• Vesting only occurs when position is in range

• Tighter range receives higher rewards

• Supports rewards for multiple tokens in a pool

Milestones

1. Vested V3 staker and standalone app for incentive programs

2. Analytics for existing positions and indexing top positions

3. Autocompounder integration and deployment

4. Keplr integration

Timeline and Deployment

• Work starts first week of May

• V3 staker implementation expected within 2 weeks

• Similar timeline for other milestones

• Keplr integration timeline depends on Orbital Apes’ progress

Revert Finance and Cosmos

• Excited about Cosmos and IBC cross chain concept

• Evmos offers familiar development environment with EVM

• Looking forward to expanding into the Cosmos ecosystem

Revert Finance and Uni V3 for Users

• Concentrated liquidity or an experience similar to V2 with full-range pools

• V3 allows liquidity providers to be more expressive

• Users can decide on preferred price ranges

• Revert tools help users manage and view positions effectively

Stakecito Validator Incident

• Validator slashed recently

• Recommends re-delegating to new node or another validator

• Reimbursement plan finalized

• Incident caused by human error during server switch, not malicious double signing

• Learn more here: https://twitter.com/stakecito/status/1649095785320153094