Providing incentives on Kujira BOW LPs

TIL from @OcebotKuji that @TeamKujira is so FREEK'n decentralized, that they even let you incentivize LPs on BOW.

(tweet)

Let's walk through how you can do that, and why you even want to do that? Besides being guano (bat-sh-t) cray.

BADGES? KUJIRA NO NEE' NO STEEKIN BADGES!

First of all, why incentivize LPs, besides the hella-cool-factor?

When you incentivize a pool, A-B, you are bringing attention to both A and B of the LP. You have A and B; you want A and B to succeed. They succeed with liquidity and volume. Your incentive attracts both.

Okay, let's pick an LP to incentivize.

Go to BOW: https://bow.kujira.app/pools

Pick one of the pools to incentivize. I'm picking ATOM-axlUSDC. 

Why? 

1. It's underincentivize with only $KUJI incentives at present.

2. I have $ATOM and $axlUSDC and want both to succeed.

Okay! [Open] the pool to incentivize.

You land at the overview page (in this example, ATOM/axlUSDC) for the LP where it shows the existing incentives and provides the option for you to add an incentive.

Select that.

You land at the incentivize page. The top half of the page shows you (current) incentive distributions;

the bottom half is for adding incentives.

That's where we're at. 

First select the currency you'll use as incentive.

ATOM/axlUSDC is already incentivized with $KUJI, so I could incentivize it with more $KUJI, but I'm a "incentivize A-B LPs with A or B or A-B."

Did you know that ATOM-USK LP now has an ATOM-USK LP incentive?

Mind. Blown! 😳

Okay. I've picked the incentive asset, $axlUSDC, then I've filled out how much incentive I'm giving to this pool. Now I choose how the incentive is distributed, or 'incentive type.'

I choose 'decreasing,' as getting people to the pool is important. Once people join, they stay.

We're all set. Select [Incentivize Pool] and approve the transaction.

I wish there were feedback from @TeamKujira like "thank you for your contribution" or something, but there isn't, so I'll give you one here: a happy whale gif.

Two ways to verify your incentive 'took':

• on the dashboard you see your token as incentive on the LP you sponsored

• or you can go back to the incentivize page of the LP and you will see your incentive distribution graphic.

So: I've given you, the @TeamKujira community, 100 $axlUSDC for staking the ATOM/axlUSDC LP. Please enjoy.

Now imagine this: there're 70k Kujiræns. 1k will read this thread.

Imagine if each of you incentivize an LP with $10.

That's $10k - $700k incentives.

Incentive? Oh, yes!