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Proposal for Adjustments to Farm Rewards

Voting ended almost 4 years agoSucceeded

Proposal for Adjustments to Farm Rewards

One thing that is always unclear to people when reviewing these proposals is that we aren't "removing" rewards from the farm itself.

The purpose is to redirect CAKE rewards given to farms that are underperforming and give them to farms that are providing the most value.

Hopefully, this example might be better:

  • Under performing farm = 1x (10 CAKE)
  • High performing farm = 1x (10 CAKE)

1x multiplier removed from under performing farm

  • Under performing farm = 0x (0 CAKE)
  • High performing farm = 1x (20 CAKE)

So, with the above in mind, we're proposing to reduce CAKE rewards on the farms mentioned below, which will mean those rewards will be distributed back across all other existing farms, in addition to giving us more space to add more new Syrup Pool/farm combos etc.

The reason the below farms have been highlighted is due to their low ranking on our performance index which ranks each project using metrics like their reward multiple, average daily volume, 14-day volume, unique token holders on BSC etc.

LP Current Weight New Weight Change
SANTOS-BNB 1 0.5 -0.5
QUIDD-BNB 0.5 0.1 -0.4
ZOO-BNB 0.5 0.1 -0.4
XCV-BUSD 0.5 0.1 -0.4
SPS-BNB 0.5 0.1 -0.4
BP-BNB 0.5 0.1 -0.4
BTT-BUSD 0.5 0 -0.5
NABOX-BUSD 0.1 0 -0.1
O3-BUSD 0.1 0 -0.1
ITAM-BNB 0.1 0 -0.1
Total Change -3.3

Off-Chain Vote

✅ Yes, make the adjustments!
355.91K 99.6%
❌ No, don't make the adjustments!
1.34K 0.4%
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Timeline

Feb 07, 2022Proposal created
Feb 07, 2022Proposal vote started
Feb 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated