[BIP-19] Farm Rewards Adjustments Proposal (Extended)

As the third 28-day session of the (3,3) pool will end this Sunday, it’s time for us to discuss the rewards for the next Epoch and to make some adjustments to existing farms.

In general, we are proposing to further reduce $BORING emissions so that there will be less amount of $BORING in circulation. This will have potential effect on the future value of $BORING tokens, considering demand versus supply. Slightly reducing the farm rewards might lower farms’ APRs a little bit. In the long term, it will benefit $BORING holders for its deflationary effect.

Here are the details: Boring Farm Current Emission - 50,000 $BORING/Day New Emission - 37,500 $BORING/Day

oPortal USDT Current Emission - 15,000 $BORING/Day New Emission - 12,500 $BORING/Day

oPortal USDC Current Emission - 15,000 $BORING/Day New Emission - 12,500 $BORING/Day

(3,3) Pool Epoch 3 - 125,000 $BORING/Day (3,3) Pool Epoch 4 - 62,500 $BORING/Day

Curve oBTC Current Emission - 10,000 $BORING/Day New Emission - 10,000 $BORING/Day

According to past practices, the Epoch 4 of the (3,3) pool will automatically begin at 13:50 UTC on Feb. 13, 2022. If this proposal gets passed, new farm rewards will be applied with the start of Epoch 4.