Update LP Rewards Next Cycle

Voting ended about 5 years agoSucceeded

Background

Per Proposal #QmRnnRA, Uni-V2 ETH-$DG LP rewards are 700 $DG/week 2/9 - 3/15. On 2/9, $DG was ~$80 and we had ~$3M in liquidity. Today, we provide > $900K liquidity ourselves, $DG is ~$280, and we have ~$8M in liquidity.

Proposal

3/16 - 4/19, set Uni-V2 ETH-$DG LP rewards to 500 $DG/week. LP rewards savings vs. initial allocation accrue to the Ecosystem Fund.

Rationale

Given the > 3x price appreciation in $DG, it makes sense to reduce somewhat the $DG_count of LP rewards. APY will still be ~90%, which is ~2x Gov APY, well-compensating liquidity providers for IL risk.

Off-Chain Vote

YES

27.38K 99.8%

50 0.2%

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Timeline

Mar 08, 2021Proposal created

Mar 08, 2021Proposal vote started

Mar 14, 2021Proposal vote ended

Mar 03, 2025Proposal updated