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Adjust Pool Weights

Voting ended over 5 years agoSucceeded

Purpose:

Since this first week doesn't have chopping blocks I'm going to make a manual proposal.

  1. Some of our pools have < $100 in them or less than 0.01% of the LP tokens. These pools are being used by people to dump Bao on the community and hurt the price.
  2. Some of our largest pools have lower weight than they should.

I think we should manually adjust the rewards, removing some pools that there is little interest in, and increasing the rewards for other pools that have performed well (including the Bao pool)

Here is my proposal:

Increase Bao to 50,000 weight from 32,000 weight. Increase UTK to 1000 weight from 750 weight. Increase Sushi to 5000 weight from 4000 weight Increase DPI to 6000 weight from 4000 weight. Increase PRE to 1000 from 250 Increase Lien to 2500 from 2000 Increase Nexo to 1000 from 750 Increase CRE to 1000 from 250 Increase RGT to 1500 from 1000 Increase FRONT to 1500 from 1000 Increase Cover to 1000 from 500

Lower GNO to 0 Lower DMG to 0 Lower Donut to 0 Lower DF to 0 Lower XIO to 0 Lower TTT to 0 Lower QSP to 0 Lower JUL to 0 Lower Rep (v1) to 0 Lower MANA to 0 Lower SLP to 0 Lower mUSD to 0 Lower LRC to 0 Lower Owl to 0 Lower L2 to 0 Lower Pickle to 0 Lower BAL to 2000 from 4000

Pros:

  • This will drastically improve rewards for most high usage pools.
  • This will increase rewards for the main Bao pool.
  • It will open up spots for some new pools.

Cons:

  • It may lower our chance to attract users from these communities in the future, but we can always recreate rewards later on.

Off-Chain Vote

Approve
820.76M 100%
Disapprove
0 0%
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Timeline

Dec 15, 2020Proposal created
Dec 15, 2020Proposal vote started
Dec 19, 2020Proposal vote ended
Oct 26, 2023Proposal updated