Onboarding Process
If you’re a DeFi project (protocol) interested in partnering with Enhancer to optimize your liquidity incentives, the onboarding process is structured, transparent, and aimed at ensuring a good fit for both sides. Enhancer operates as a neutral layer and welcomes collaborations that meet its standards. Below is an outline of the partner protocol onboarding process:
Demand Assessment: Enhancer first gauges the interest and demand from the liquidity provider community for your protocol. This involves evaluating if LPs are keen on your incentives and whether there is significant deposit intention or enthusiasm for your pools. In practice, this might mean soft-checking with the Enhancer community or analyzing if your protocol’s pools are under-supplied relative to potential. If there’s a clear demand (e.g., many users ready to deposit if extra incentives existed), that’s a green light to proceed.
Protocol Analysis & Auditing: Next, Enhancer conducts a thorough review of your project. This includes both technical audit status and financial model analysis. The team will look at your tokenomics (Are rewards inflationary? What’s the emission schedule? Any upcoming cliff or unlock that could flood the market?), your current reward distribution mechanism, and identify liquidity risk factors (e.g., if you have locked staking ending soon that might dump liquidity, or if your token has highly variable supply). Smart contract audits are checked – if you haven’t had an audit, or if there are known vulnerabilities, those need addressing. Essentially, Enhancer wants to ensure your protocol is reasonably secure and your incentive design has no obvious red flags that would endanger LPs.
Security Measures & Risk Mitigation: Based on the findings of step 2, Enhancer will work with your team to shore up any issues. If the review found, say, an excessive token inflation rate, the discussion might involve adjusting the reward rates or adding vesting to new emissions. If a smart contract risk was identified, they might recommend getting an audit from a reputable firm or implementing additional safeguards. Enhancer also has relationships with security partners – think of firms or experts in the industry – that can be looped in to provide an extra layer of review or insurance. The idea is to mitigate both technical and economic risks before launching a campaign, giving confidence to liquidity providers that partnering with your protocol via Enhancer is safe.
Reward Integration & Distribution Setup: Once security and strategy are solidified, the technical integration begins. Enhancer’s dev team will integrate your protocol into the Enhancer API and system. This involves setting up data feeds (via API or subgraph) so that Enhancer can retrieve real-time info on your liquidity pools and user deposits. For example, Enhancer will track how much each LP has deposited and what base rewards they’re earning from you. You as the protocol will also coordinate on the reward pool – typically, you’ll transfer the agreed-upon incentive tokens to the Enhancer DAO’s reward wallet each epoch (or upfront for a certain number of epochs). The distribution parameters are defined: e.g., “we will distribute 100,000 of our tokens over 4 weeks to Enhancer participants, allocated per epoch based on contributions.” Enhancer’s system is quite flexible: it can handle pre-TGE points, post-TGE tokens, daily or weekly epochs, etc. At this stage, smart contracts or scripts for distribution are prepared and tested. If your campaign requires a custom snapshot frequency or a special calculation (say, multiple on-chain behaviors), it’s configured here.
Settlement & Monitoring: Once the campaign goes live, Enhancer enters a continuous monitoring phase. Each epoch, the system will distribute rewards as planned. Enhancer provides transparent reports and dashboards for both you and the public: you’ll see exactly how many tokens were distributed to whom, how much liquidity was in your pools, and other metrics like TPS, RYR etc., for your protocol. Settlement records (i.e., logs of each distribution) are made available, and any discrepancies can be quickly audited. Enhancer also employs DAO governance mechanisms when multiple protocols are running concurrently: if needed, the DAO can adjust allocations between campaigns (for instance, if one protocol’s campaign isn’t attracting much liquidity and another is oversubscribed, the DAO can propose rebalancing incentives – though such changes would typically involve the consent of the protocols and community). Throughout the campaign, if any issues arise (like a sudden risk factor or if your token price moves drastically affecting APR), Enhancer’s team will communicate and potentially adjust the strategy in coordination with you. The end goal is a smooth, accountable distribution that benefits your protocol with the liquidity it needs, and rewards users fairly.
This five-step process ensures that every partnership campaign on Enhancer is well-planned and secure. To give a sense of the timeline: some steps can happen in parallel, but generally expect a few days for initial assessment, a week or two for thorough review and fixes (depending on your readiness), and a few days for final integration and testing. Some campaigns can onboard in as fast as a week if everything is in order; others might take a month if more preparation is needed.
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