BIP 75. Emissions: migration to ibBTC/sBTC Convex Sett

TL;DR:

• Consolidate Badger emissions on the ibBTC/sBTC Sett:

  • Use the unallocated rewards from the current schedule (39k Badger)
  • Reallocate Badger rewards from other Setts (94.8k Badger)
  • Distribute a part of ibBTC Sett emissions pro-rata for the duration of the schedule (from 49% to 20%).

• Increase bveCVX Sett rewards for the rest of Q4:

  • Add 5% targeted Badger APR
  • Add 10,000 weekly cvxCRV emissions

• To offset the migration costs, do an airdrop (up to 25k Badger):

  • 10 Badger to all addresses that mint ibBTC and then deposit ibBTC/sBTC LP into the app
  • 5 Badger to the current users with non-native balance >$0 who deposit ibBTC/sBTC LP into the app

BIP: https://forum.badger.finance/t/bip-75-emissions-migration-to-ibbtc-sbtc-convex-sett/5110 RFF: https://discord.gg/aW2Ka9jS9M