Summary
This proposal introduces a 6-month gas rebate program for swaps executed via the Odos frontend (dApp), exclusively for $ODOS token holders. The program aligns gas rebates with the Loyalty Program tiers, rewarding up to 50% gas rebates for top-tier participants. A maximum rebate of $5,000 in $ODOS tokens per wallet per month will be enforced, with a total maximum allocation of 0.6% of the $ODOS total supply over the duration of the program. Additionally, a maximum of $200 in gas per transaction will be eligible for the rebate. Surplus rewards and advanced swap surplus eligibility remain unchanged, and will continue to be available in addition to the new gas rebates.
Rationale
This program incentivizes active usage of the Odos dApp, particularly for Advanced Swap users, while boosting overall traction on Ethereum and other protocols. By rewarding loyal $ODOS holders, it strengthens the token’s utility and community engagement, potentially increasing transaction volume and platform adoption.
Details
Gas Rebate Program
- Eligibility: The program is exclusive to $ODOS token holders performing swaps through the Odos frontend (dApp).
- Start Date: February 1, 2025
- Duration: 6 months, with a potential extension based on results and community feedback.
- Rebate Structure:
- Rebates will align with the Loyalty Program tiers as described here: Loyalty Program | Odos Documentation Portal
- Rebates will be distributed monthly in $ODOS tokens.
- Limitations:
- Maximum rebate per wallet: $5,000 in $ODOS tokens per month.
- Maximum of $200 in gas will be eligible per transaction
- Total allocation for the program: 0.6% of $ODOS total supply
- Trades must be made from the Odos dApp (no API usage will be rewarded)
Surplus Rewards and Advanced Swaps
- Advanced Swap Positive Surplus: Advanced Swap users remain eligible to claim any rewards based on positive surplus collected by their trades.
- Simple Swap and Limit Order Surplus Rewards: Continue as is, rewarding users for any surplus generated by their trades.
Implementation
- The gas rebate program will be managed through the existing Loyalty Program dashboard: Odos
- At the end of the 6-month period, the program’s performance will be evaluated to determine whether an extension is warranted.
Voting
- For: Approve the gas rebate program for $ODOS token holders as outlined.
- Against: Reject the proposed gas rebate program.
We encourage all $ODOS token holders to participate in the governance process and share their feedback on this proposal.