Gauge Proposal: AIOZ/wETH Liquidity Pool

Gauge Proposals
#1

Gauge Proposal: AIOZ/wETH Liquidity Pool

Summary:

This proposal seeks to add a gauge for the AIOZ/wETH liquidity pool to the GaugeController. By incentivizing this pool, we aim to bring the primary on-chain liquidity for AIOZ to Curve, reduce slippage for traders, and foster the adoption of AIOZ as a critical asset within the Web3 infrastructure ecosystem.

References/Useful Links:

Protocol Description:

AIOZ Network is a decentralized Web3 infrastructure platform specializing in Decentralized Physical Infrastructure Networks (DePIN) and decentralized content delivery (dCDN). AIOZ is powered by thousands of edge nodes operated by individuals, providing an affordable and scalable alternative to centralized cloud services.

Our Vision
We are developing AIOZ Network to become the cornerstone of Web3 infrastructure solutions. Powered by individuals worldwide, AIOZ Network provides the necessary infrastructure for dApps to operate seamlessly. It also contributes to the future of Web3 AI computation with a comprehensive set of features and capabilities.

Powered by People
AIOZ Network relies on thousands of global edge nodes run by individuals who contribute their spare computing power. This decentralized approach tackles the monopolization of cloud services by offering anyone, anywhere, the ability to join the network with just a computer and an internet connection.

Inspired by S.E.T.I., the project uses peer-to-peer computation to advance Web3 technology. AIOZ’s CEO, Erman Tjiputra, was an early participant in S.E.T.I. in the 1990s and brings his passion for decentralized collaboration to AIOZ.

AIOZ’s dCDN Platform
AIOZ Network revolutionizes file storage and media streaming for Web 3.0 dApps. The decentralized CDN (dCDN) platform offers affordable storage and streaming, powered by edge nodes that ensure secure and efficient content delivery. Participants are rewarded with AIOZ tokens, and the system leverages peer-to-peer nodes for scalability, speed, and cost-effectiveness.

Motivation:

The AIOZ/wETH pool incentivization is crucial for:

  1. Deepening Liquidity: Attracting liquidity providers to ensure low slippage and improved trading efficiency for AIOZ holders.
  2. Expanding Adoption: Providing seamless access to AIOZ for Ethereum-based users, increasing its utility and demand.
  3. Migrating AIOZ Liquidity to Curve: Currently, there is a pool with $4.5M on Uniswap (link). The goal is to migrate most of that liquidity to Curve.
  4. Creating a Price Oracle: Establishing deep liquidity in the Curve pool to serve as a trustworthy price oracle for AIOZ.

Specifications:

  1. Governance: The AIOZ Network operates under a hybrid governance model led by the AIOZ Foundation, with plans to transition to a DAO model. Admin powers are managed via a multisig wallet, ensuring transparency and security.

  2. Oracles: The AIOZ token does not currently rely on external oracles. Deploying a Curve pool will establish a reliable price oracle for AIOZ.

  3. Audits: Several security audits have been conducted for the AIOZ Network. However, these reports are currently available only internally.

  4. Centralization Vectors: The developing company operates like a business, led by Erman Tjiputra as Founder and CEO.

  5. Market History: The AIOZ token is well-established and listed on major centralized exchanges, including Coinbase, Crypto.com, KuCoin, and Bybit. It is also actively traded on decentralized platforms such as Uniswap and PancakeSwap, with consistent liquidity and volume. The AIOZ/wETH pool on Curve is seeded by an AIOZ partner with $500K.

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#2

On-chain vote is up. Please vote here:

veCRV: CRV Hub
vlCVX (Snapshot): Snapshot

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