[BIP-22] Farm Rewards Adjustments Proposal - April

As the fifth 28-day session of the (3,3) pool has ended on Apr.10, 2022, it’s time for us to discuss the $BORING rewards for the next Epoch and to reallocate some rewards from existing farms to new farms including the oPortal oETH and oMetis pools which will open soon.

In general, we are proposing to further reduce $BORING emissions so that there will be less amount of $BORING in circulation. $BORING holders should understand the potential effect of this 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 more as the token prices may rise if we hold back supply to stimulate demand.

Here are the details: Boring Farm Current Emission - 30,000 $BORING/Day New Emission - 25,000 $BORING/Day

oPortal oUSDT Current Emission - 6,000 $BORING/Day New Emission - 6,000 $BORING/Day

oPortal oUSDC Current Emission - 6,000 $BORING/Day New Emission - 6,000 $BORING/Day

oPortal oETH (new) New Emission - 6,000 $BORING/Day

oPortal oMetis (new) New Emission - 6,000 $BORING/Day

(3,3) Pool Epoch 5 - 31,250 $BORING/Day (3,3) Pool Epoch 6 - 15,625 $BORING/Day

Curve oBTC Current Emission - 7,500 $BORING/Day New Emission - 5,000 $BORING/Day

According to past practices, the Epoch 6 of the (3,3) pool has automatically begun at 13:50 UTC on Apr.10, 2022. If this proposal gets passed, new farm rewards will be applied to Epoch 6.