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APOyieldAPOyieldby0x7D11973B2e80aa8776CeAbfba965036F26965EB80x7D11…5EB8

SIP-1 - Reduce DSL emissions on DSL/BNB, DSL/BTCB, DSL/BUSD to 0x, reallocate these emissions to DSL/SOUL

Voting ended almost 5 years agoSucceeded

Goals: Improve stability of DSL and SOUL prices and enhance the vibrancy of the APOyield ecosystem via tokenomics adjustment

Rationale:

  • Rationalizes DSL price movements into a single liquidity pool and routes all DSL buy and sell pressure through SOUL
  • Due to SOUL's 10% burn+redistribution model, any selling pressure from DSL is mitigated by double deflations on SOUL to SOUL holders - once when DSL is swapped from DSL to SOUL, and once more from SOUL to BNB or BUSD. This is handled automatically by PCS's router
  • The improvement of APY on the DSL-SOUL pool (by at least 4x) also encourages further onboarding of liquidity which only serves to cement this routing
  • Partnerships with DSL can be retained but be minimized. Further partnerships should ideally also route through SOUL rather than DSL

Expected Result: Reduces sell pressure on DSL to some extent. Any remaining sell pressure from DSL benefits SOUL holders through deflationary routing, making it a Win-Win to APOyield ecosystem participants

Risks: Minimal as pools that are targeted to be inactive totals about $10k TVL (5.8% of total TVL)

Offboarding: Inactive pools will just be assigned 0 emissions and be moved to the "Inactive" section for users to remove their liquidity. Funds are SAFU.

Current allocations: DSL 56,41% BNB/SOUL 3,53% BTCB/SOUL 2,75% BUSD/SOUL 2,75% BNB/DSL 2,36% BTCB/DSL 2,36% BUSD/DSL 2,36% DS/SOUL 6,28% BNB/SOUL APESWAP 6,28% BUSD/SOUL APESWAP 6,28% SOUL/BANANA APESWAP 6,28% RUPEE/DSL 0,79% NAUT/SOUL APE 0,79% DEGENR-SOUL 0,79%

Proposed allocations: DSL 25,00% BNB/SOUL 6,56% BTCB/SOUL 6,56% BUSD/SOUL 6,56% BNB/DSL 0,00% BTCB/DSL 0,00% BUSD/DSL 0,00% DS/SOUL 30,00% BNB/SOUL APESWAP 6,56% BUSD/SOUL APESWAP 6,56% SOUL/BANANA APESWAP 6,56% RUPEE/DSL 1,88% NAUT/SOUL APE 1,88% DEGENR-SOUL 1,88%

If accepted, proposed allocations will be applied within 24 hours after the vote.

Off-Chain Vote

Yes
42.43K 98.6%
No
587.59 1.4%
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Timeline

Mar 24, 2021Proposal created
Mar 24, 2021Proposal vote started
Mar 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated