Proposal: Increase SWAP token collateral from 0% to 25%

Summary

This proposal aims to increase the collateral factor of SWAP from 0% to 25%

Motivation

TrustSwap and the SWAP token had an incredible traction on the Cream platform. The proposal had nearly 2k views and nearly 200 messages. The proposal was passed easily and after a few weeks nearly 2M USD in SWAP were locked on the Cream platform. There is a really high demand from the TrustSwap community to use SWAP as a collateral.

Background

TrustSwap has showed an incredible growth in the last couple of weeks despite the drop in the Crypto Space. Some of the recently achieved Milestones:

  • More than 1000 new projects started using their Team.Finance platform for team token locks in the last 30 days.
  • The Crypto App that was aquired by TrustSwap experienced more than 2M downloads in total just on the Android app.
  • TrustSwap launched great partnerships with companies like Algorand, Avalanche, Decentraland, Digitalbits, etc. to create some of their infrastructure products for their ecosystem
  • TrustSwap partnered with top VCs like JRR, LD Capital, etc. that are constantly investing in the different Launchpads
  • TrustSwap partnered with exchanges like Gate.io, MXC and many more that are listing the projects of TrustSwap
  • The Launchpad total amount raised surpassed 25M USD in July 2021.
  • TrustSwap launched Mint, a platform where users can easily launch their own token fully audited without the need of any technical background
  • etc.

For
Increase collateral factor of SWAP from 0% to 25%.

Against
Do nothing.

Posted for Listing Committee vote
https://listing.cream.finance/#/cream-listing.eth/proposal/Qmdc8vsvZT7iHfE6A2U3NNtPnKgpKAkyGxpWTaaCr38Gf2