# Funding proposal: Honeyswap working group - deployment on zkSync Era mainnet, marketing and partnerships ## Proposal Description: This proposal is requesting 800 HNY to fund the Honeyswap working group which was created with the goal of deploying Honeyswap on the zkSync Era mainnet. We're excited to announce that the deployment is near completion, and we are requesting funding to reimburse the work completed on testnet so far and to fund the remaining work required to launch on mainnet. Additionally, a portion of the funding will be allocated to marketing and partnerships to help grow liquidity and volume on the new network post-launch. **Goals:** - Honeyswap deployed on the zkSync Era mainnet successfully - no rugs no bugs. - Liquidity reaching $10 million by the end of 2023. - Transaction volume reaching $10 million by the end of 2023. - Positive user feedback and engagement on the platform. **Budget breakdown:** We are requesting 800 HNY from the 1Hive Common Pool to cover the following expenses: - Reimbursement for the work completed so far - $6,750* (~500 HNY) - [view contributor activity in Notion](https://www.notion.so/Contributor-Activity-73af357ddba3497db7ce224f5000002c) - Remaining development work required for deployment - Marketing - launch announcements and ongoing communications - Partnerships/growth - building Honeyswap liquidity post-launch through a shared liquidity program and through our existing community and DAO friends. - Support and onboarding for zksync Honeyswap users in discord. *Payments for @Felipe's work will be partially funded through an OTC swap for xDAI from the [Treasury Swarm Safe.](https://app.safe.global/balances?safe=gno%3A0x47Aa2DF36e30ADa9f8Ceee54b3C8a60FD4787706) **Timeline:** We expect the deployment of Honeyswap on zkSync Era mainnet to be completed **within 30 days of this proposal passing**. Marketing and partnership initiatives will continue throughout June. ## Proposal Rationale We believe the zksync era community will appreciate a long-standing DEX with a good reputation like Honeyswap on their platform. With the Honeyswap team's extensive experience and connetions in DeFi and web3, we believe we have enormous potential to become a trusted and leading decentralized exchange on zkSync Era mainnet. We hope to be able to use momentum and revenue from this launch to fund ongoing work for Honeyswap across all networks after this launch. We appreciate the support of the 1Hive community and hope to continue working together towards the success of Honeyswap!
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Things that are valuable

add your own... Laughing so hard you cry When you're driving and there's a red light ahead and it turns green right before you had to use the brakes Learning who and what we really are - through science, art, and experience Freedom from oppressive regimes and institutions When every single person you care about doesn't have to worry about where they'll get their next meal or place to sleep When you fall in love and suddenly a song you've heard 1,000 times makes way more sense Dank, dank memes A hot shower every single day Really good times with friends and family

10/26/2023
Public Marquee

Proof of Concept live on Honeyswap: https://app.honeyswap.org/#/swap

8/15/2023
hiveWATER Covenant

The hiveWATER DAO is an investment club dedicated to supporting 1Hive and its governance token, Honey. The DAO has 3 mandates: The hiveWATER DAO will act in the best interest of 1Hive Funding Proposals for hiveWATER will only be used to fund DAO-owned Liquidity Pools (LPs). The DAO may elect to add a fee to funding proposals - this fee will never exceed 1% of the funding proposal amount. The DAO will not swap any of its hiveWATER or LP tokens. The DAO may elect to adjust its LP positions by removing hiveWATER from an LP and adding to another, and it may elect to swap the tokens it holds besides hiveWATER. The goal of the hiveWATER DAO is to grow sustainable liquidity for the Honey token by accumulating liquidity with strategic pairs, funded by Honey from 1Hive and any other tokens the DAO earns for this pursuit.

3/30/2023
Untitled

hiveWATER - a new store of value for 1Hive Proposal Information This proposal is requesting 800 HNY (~$10,000) from the Common Pool, along with $8,000 xDAI from the Treasury Swarm Gnosis Safe to fund the creation of hiveWATER, a DAO whose purpose is to provide sustainable, scalable liquidity for the Honey token on Honeyswap by serving as a proxy for liquidity with strategic tokens such as xDAI, WETH, and/or WBTC. 100% of funding from this proposal will be used to create 2 liquidity pools (LPs) on Honeyswap: hiveWATER/HNY ($20,000 total liquidity) hiveWATER/xDAI ($16,000 total liquidity) An initial starting price of $0.01 will be set at launch for hiveWATER. This number is arbitrary since hiveWATER’s price after launch will be a function of its price correlation with HNY and xDAI and price slippage from individuals swapping for hiveWATER.

3/30/2023
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