# Introducing Sweepr

Inspired by Unibot's revenue share and token tax model combined with a governance utility system akin to FloorDAO, Sweepr is an NFT liquidity flywheel designed to deliver value to creators and communities through provisioned liquidity and user incentivisation. At the core of our protocol is the SWEEPR token, whose central function is designed to simultaneously fund the Sweepr treasury and filter incentives to our users through token tax derived from DEX trading volume. In order to wholly reap the benefits of our protocol, SWEEPR holders are encouraged to provide SWEEPR/ETH liquidity in which they can then stake to receive [xSWEEPR](/info/xsweepr). The xSWEEPR token grants users governance power, allowing NFT communities to band together and vote in bi-weekly [Sweepr Acquisition Proposals](/info/governance#sap-sweepr-acquisition-proposal) as well as the on-chain, single elimination ladder tournament known as [The Floornament](/info/governance#the-floornament). Additionally, xSWEEPR gives users exposure to revenue share (distributed in ETH) and SWEEPR liquidity mining rewards. [Governance](/info/governance) plays an integral role in fueling the Sweepr flywheel and is the mechanism by which collections are selected to be swept and deployed as liquidity. Utilizing platforms like NFTX and Floor Protocol not only allows us to provide provisioned NFT liquidity, but exposes us to yield opportunities generated by trading fees from said platforms. 60% of the yield generated by treasury-held NFT liquidity is used to perpetually sweep the floor of a respective collection. The other 40% is directed back into the Sweepr treasury to be used to for future sweeps. ## Our Mission Sweepr's mission is to deliver unprecedented value to the NFT market by leveraging NFT-Fi in order to unlock the potential of billions of dollars in stagnant assets. Our strategy involves engaging directly with creators and their communities to build relationships that bolster both our users' investments and a projects' ecosystem. Sweepr is dedicated to promoting a safer, more credible perception of NFTs as legitimate investment vehicles. # Tokenomics SWEEPR is the native token of the Sweepr protocol and has a hard cap of 700,000,000 tokens.

Allocation	% of Max Supply	No. of SWEEPR Tokens
LBP	9%	63,000,000
Initial Liquidity	9.5%	66,500,000
Treasury	5%	35,000,000
Community Airdrop	5%	35,000,000
Vested Team Funds	10%	70,000,000
Liquidity Mining (Mainnet)	30%	210,000,000
Liquidity Mining (Berachain)	20%	140,000,000
Liquidity Mining (Future Prospects)	11.5%	80,500,000

**LBP** 9% (63,000,000) of SWEEPR was sold for a total amount of $130k in a [Fjord Foundry LBP](https://app.fjordfoundry.com/pools/0x882E6320b92De0A1C5bE7baeA08F1FFBDD24b24b) with an end price of $0.00148. #### Initial Liquidity 9.5% (66,500,000) of all SWEEPR tokens we're deployed as SWEEPR/ETH Uni-V2 liquidity with an initial price set at $.00148. #### Treasury 5% (35,000,000) of all SWEEPR tokens are allocated to the Sweepr treasury fund. The Sweepr team employs conscious use of treasury funds while prioritizing the health and longevity of the protocol. #### Community Airdrop 5% (35,000,000) of all SWEEPR tokens are allocated to a community airdrop, rolled out in three phases detailed [here](https://medium.com/@sweepr/sweepr-community-airdrop-more-than-just-free-money-f3bceb0dc906). #### Vested Team Funds 10% (70,000,000) of all SWEEPR tokens are allocated to the Sweepr team fund which are vested linearly over 1 year with a one month cliff. #### Liquidity Mining 61.5% (430,500,000) of all SWEEPR are allocated towards liquidity mining incentives. 30% (210,000,000) of which are to be emitted to [xSWEEPR ](/info/xsweepr)holders on Ethereum Mainnet, 20% (140,000,000) to Berachain\*, and 11.5% to future L1/L2 prospects\*. \**imminent* ### Liquidity Mining Emissions Schedule SWEEPR tokens are emitted over a four year period with rewards scaling downwards each following year. Liquidity mining at the time of launch will be on Ethereum Mainnet only, with [Berachain ](https://www.berachain.com/)to follow per it's imminent release and our subsequent deployment. Additionally, 11.5% of the liquidity mining allocation is reserved for future cross-chain, EVM compatible prospects. ### Ethereum Mainnet

Ethereum Mainnet 4 Year Emissions Schedule

| Period | % of Max Supply | No. of SWEEPR Emitted | | ------ | --------------- | --------------------- | | Year 1 | 18% | 126,000,000 | | Year 2 | 9% | 63,000,000 | | Year 3 | 2.4% | 16,800,000 | | Year 4 | 0.6% | 4,200,000 | ### Berachain

| Period | % of Max Supply | No. of SWEEPR Emitted | | ------ | --------------- | --------------------- | | Year 1 | 12% | 84,000,000 | | Year 2 | 6% | 42,000,000 | | Year 3 | 1.60% | 11,200,000 | | Year 4 | 0.40% | 2,800,000 | ### Token Tax All trades of the SWEEPR token are subject to a 5% tax. The sole purpose of this tax is to fund sweeps and filter incentives to users as revenue share. * 2% as revenue share distributed in ETH amongst xSWEEPR holders who meet [criteria](/info/xsweepr#revenue-share). * 2% to the Sweepr treasury in ETH that directly funds acquisition sweeps. * 1% to the Sweepr treasury in ETH for operational expenses. # xSWEEPR

xSWEEPR is an ERC-20 token that is minted at a 1:1 ratio whenever a user [deposits](https://sweepr.art/stake) their SWEEPR/ETH Uni-V2 LP token and therefore has a fluctuating supply that is based on the total amount of LP tokens staked. Minting xSWEEPR grants users access to governance proposals and exposure to SWEEPR liquidity mining and revenue share rewards. ### SWEEPR Liquidity Mining SWEEPR tokens are emitted over a four year period with rewards scaling downwards each subsequent year. \ \ As mentioned above, holding xSWEEPR allows user to farm SWEEPR and grow their governance power by compounding their rewards into new xSWEEPR positions.

### Revenue Share All DEX trades are subject to a 5% token tax of which 2% is distributed amongst xSWEEPR holders as revenue share and are able to be claimed every reward epoch (7 days). To qualify for revenue share rewards, users must hold any amount of xSWEEPR for an entire reward epoch. Once this criteria is met, claims will be enabled for the next epoch and beyond so long as a user stays in the xSWEEPR pool. # Staking **To mint xSWEEPR, users must follow the steps below:** 1. Go to Uniswap, connect your wallet, and create a v2 liquidity position by depositing equal amounts of ETH and SWEEPR. 2. Once you've provided liquidity and have received your SWEEPR/ETH Uni-V2 LP, navigate to [sweepr.art/stake](https://sweepr.art/stake) and deposit your LP token to receive xSWEEPR. 3. Now that you have received xSWEEPR, you will gain immediate exposure to SWEEPR liquidity mining incentives and access to governance. **Alternatively, users can opt to use the ZAP ETH function and create an xSWEEPR position in fewer transactions, bypassing the need to interact with Uniswap frontend entirely. Simply select the ZAP ETH tab, choose your desired amount of ETH, and confirm the transaction. From here, simply deposit the newly created LP to immediately mint xSWEEPR and being receiving rewards and governance power.** # Claiming To claim SWEEPR liquidity mining incentives and revenue share rewards, simply hit "Claim" and confirm the transaction. Users may also choose to zap their claimable SWEEPR into a new xSWEEPR position. ### Zapping Pending $SWEEPR Rewards

On the [claim](https://sweepr.art/claim) page you'll notice a Zap feature under pending liquidity mining rewards. This feature saves users the trouble of manually claiming and pairing pending SWEEPR with ETH, creating a SWEEPR/ETH LP in a single transaction. Note that zapping pending rewards will create a new SWEEPR/ETH LP, **however it does not automatically stake and mint xSWEEPR**. Users are required to manually deposit their new LP creating an entirely new xSWEEPR position. The Zap functionality requires more gas compared to other operations. This is because it uses SWEEPR tokens, swapping half of them for ETH, and then adding liquidity to the SWEEPR/ETH pair. Due to potential slippage, it is recommended to zap a larger amount of SWEEPR tokens. Additionally, make sure to set a higher gas limit to ensure the transaction completes successfully. ### Claiming Revenue Share In order to become eligible for revenue share, users must remain in the xSWEEPR pool for 7 days before they can claim their rewards. For the entirety of this 7 day grace period, pending revenue share rewards will not appear until the grace period has ended. From then on out, users are able to freely claim revenue share rewards as they become available. # Governance

Governance operates on a bi-weekly cycle and can best be described in terms of a season, where an entire season consists of five separate governance rounds: four SAP and concludes with The Floornament, as outlined below.

## SAP (Sweepr Acquisition Proposal) Every other week, NFT communites engage in competitive governance battles known as Sweepr Acquisition Proposals in order to influence the allocation of treasury funds towards one select NFT collection. \ \ SAP are held over a seven day period and consist of four curated collections in which one winner will be selected through xSWEEPR governance via Snapshot. Once quorum is met and the voting period comes to a close, a single collection with the most votes is then swept and deployed as liquidity. To mitigate front-running risks, treasury funds are strategically deployed following the conclusion of each proposal. The winning collection and runner-up of each proposal progress to The Floornament. ## The Floornament

The Floornament is a distinctive feature of our governance system, designed to add excitement and competitive spirit while enhancing liquidity for NFT collections. Let's delve deeper into its structure: **Seeding** Each collection is assigned a seed based on its performance in the respective season's acquisition proposals. The top four winners claim higher seeds (1-4), while the remaining four runners up occupy lower seeds (5-8). Collections with higher seeds face off against collections with lower seeds. For instance, the collection with the #1 seed competes against the collection with the #8 seed, #2 seed against #7 seed, and so on. **Tournament Structure** The Floornament unfolds in three distinct rounds over one week's time with each seperate match up occuring within a 24 hour window: * *Preliminary Round:* All eight collections engage in a series of four 1v1 governance phases. These phases serve as initial matches, where collections compete to advance. * *Semi-Final Round:* The four victorious collections from the preliminary round progress to two 1v1 matches. The winners of this phase moves forward to the final round. * *Final Round:* The remaining two collections face off in a conclusive 1v1 governance match to determine the ultimate Floornament champion for the season. **Reward Allocation** The winner of The Floornament earns a treasury sweep allocation, further bolstering liquidity for the champion collection. The Floornament represents a **gamified** approach to governance and liquidity provision in the NFT space. By combining competition, community involvement, and treasury incentives, it embodies our vision of a vibrant and dynamic ecosystem driven by collective action and shared success. # Treasury ## Composition and Management The Sweepr treasury is largely funded by SWEEPR token tax and yield generated by NFT liquidity. The treasury wallet also holds 10% of the total SWEEPR supply per the treasury fund and strategic partnership allocation. Sweepr grows it's treasury by the aforementioned means thus creating a positive feedback loop of treasury yield and enhanced NFT liquidity that allows us to continuously deploy capital towards future sweeps. Ethical and efficient management of treasury funds is prioritized by the Sweepr team to ensure the longevity and sustainability of the protocol to provide ample runway for years to come. In extreme cases, the Sweepr team retains the right to liquidate or adjust liquidity positions as they see fit. # FAQ ### What is Sweepr? In short, Sweepr is an NFT liquidity flywheel fueled by competitive governance battles between various NFT communities. Sweepr acquires floor price NFTs selected by bi-weekly Sweepr Acquisition Proposals (SAP) where four NFT communities go head to head utilizing thier [xSWEEPR](/info/xsweepr) as voting power to elect one victorious collection. The winning collection receives a treasury sweep and is deployed as NFT/ETH liquidity on NFT-Fi platforms such as NFTX, SudoSwap, and Floor Protocol. ### Is Sweepr a DAO? No. While governance plays a huge part in the Sweepr ecosystem, we are not a DAO. ### Why isn't Sweepr a DAO?

### What does the $SWEEPR token do? $SWEEPR is an erc-20 token whose central function is designed to simultaneously fund the Sweepr treasury and filter incentives to our users through token tax derived from DEX trading volume. ### What is xSWEEPR? xSWEEPR is minted when users [stake](https://sweepr.art/stake) their SWEEPR/ETH LP token. xSWEEPR grants users access to revenue share, SWEEPR liquidity mining incentives, and allows them voting power in SAP and The Floornament. ## What incentives come from holding xSWEEPR? xSWEEPR holders gain exposure to both $SWEEPR liquidity mining rewards and revenue share derived from token tax in the form of ETH. The latter assumes that a user has been holding an xSWEEPR position beyond the 7 day grace period. Additionally, xSWEEPR holders are able to vote in SAP and The Floornament which potentially gives them leverage to bolster both the floor price and liquidity of an NFT collection that may also hold. ### How are the collections in each SAP selected? The Sweepr team carefully selects and curates each collection that include in any given SAP using metrics such as YTD floor price, volume, unique holders, and community activity. # Contracts SWEEPR Token: 0x9305D3D847e4cF950D43c99094a93314833Cf3A9\ \ SWEEPR/ETH UNI-V2 LP: 0x9Bf8fCe66eE04aE0E807ba3708f9F815e7B837b3 xSWEEPR: 0x7d947c0C6326e113991764C94393e3129eB99262 Treaury Multi-Sig: 0xF191e7cfd59a20d56480aBaC46d9e5e1238025Ff\ \ Stake: 0x776C580ebF4939ca53dB81069ccC9d6A84FFaCE5 Airdrop: 0x6641E3158a5e12B6CEa0B777b7301c8e1879DB33 # Audits ## [Hashlock](https://www.hashlock.com.au/smart-contract-auditing?utm_term=smart%20contract%20audit%20companies\&utm_campaign=Search+Campaign+%7C+SBM\&utm_source=adwords\&utm_medium=ppc\&hsa_acc=9058324556\&hsa_cam=19181532148\&hsa_grp=145159934118\&hsa_ad=640101334244\&hsa_src=g\&hsa_tgt=kwd-420048736692\&hsa_kw=smart%20contract%20audit%20companies\&hsa_mt=b\&hsa_net=adwords\&hsa_ver=3\&gad_source=1\&gclid=CjwKCAjwhvi0BhA4EiwAX25ujxOgbXMDw5dyufl5x17lqSughPibrxfyWNyHBEtixRylNa3Fx2DiZxoCS8IQAvD_BwE)

{% file src="/files/EowWrsobOKY3KIVUw3dM" %} ## [Gaslite](https://www.gaslite.org/)

{% file src="/files/X7T8totwfy6KNVBCZID7" %} ## [CD Security](https://linktr.ee/cdweb3sec)

{% file src="/files/spg9KaKN5yyqETMslxRd" %} ### [Github](https://github.com/CDSecurity/audits/blob/main/audit%20reports/Sweepr-report.pdf) # Brand Assets ### Logomark SVG