Request for 12 BobrCRV Allocation for CURVEBOBR Pool Rewards on Arbitrum Network

Abstract: This proposal seeks the community's approval to allocate a total of 12 BobrCRV tokens to incentivize liquidity provision in the CURVEBOBR Pool on the Arbitrum network. The distribution of rewards is planned over a six-week period starting from February 18, 2024, aimed at enhancing the pool's liquidity and stability.

Proposal: The decentralized finance (DeFi) landscape continues to evolve, presenting lucrative opportunities for liquidity providers and investors. The CURVEBOBR Pool on the Arbitrum network has shown significant potential for growth and stability. To capitalize on this opportunity and stimulate further liquidity provision, we propose an allocation of 12 BobrCRV tokens as rewards.

Funding Breakdown: 11.95528289 BobrCRV will be directed towards liquidity incentives. 0.04471711 BobrCRV will cover the gas fees associated with distributing these rewards.

Timeline: The reward program will commence on February 18, 2024, and run for six weeks. This period is chosen to provide ample time for liquidity providers to participate and benefit from the rewards, while also allowing us to assess the program's impact on liquidity provision.

Distribution Scheme:

Rationale: Enhancing liquidity in the CURVEBOBR pool is essential for maintaining competitive yields and attracting more users to the platform. By allocating 12 BobrCRV tokens as rewards, we aim to create a more appealing environment for liquidity providers, thereby increasing the pool's depth and stability.

Expected Outcomes: Increased liquidity in the CURVEBOBR pool. Higher yield potential for liquidity providers. Enhanced stability and growth of the DeFi ecosystem on the Arbitrum network.

Conclusion: We invite the community to support this proposal, which aims to bolster liquidity, improve yields, and foster a more robust DeFi ecosystem on the Arbitrum network. By approving the allocation of 12 BobrCRV tokens for liquidity rewards, we can collectively enhance the appeal and performance of the CURVEBOBR pool.

Distribution Wallet: To facilitate the distribution of rewards, the allocated 12 BobrCRV tokens must be sent to the designated distribution wallet at 0x703a2A5B901A2afe8C3Bb9a4cEa41a45350285Fe. This wallet is specifically set up for the purpose of managing and distributing the rewards.