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Bag.winBag.winby0xb3Ab3a2f58a7d91Fe3Dcf9ABAd53C0dD1603B847ryandg.eth

Update Uni-v2 ETH-$DG Rewards

Voting ended over 4 years agoSucceeded

Background

Per Proposal #Qma7S4z, Uni-V2 ETH-$DG LP rewards are 175 $DG/week 8/5 - 9/8. The current APY is ~78%, and there is ~$5.4M in liquidity for this pair.

Proposal

Reduce these rewards to 125 $DG/week for the next period (9/9 - 10/14).

Rationale

This continues our trend since launch of decreasing LP emission over time. Because we have been growing total liquidity on other platforms and chains (QuickSwap (Polygon), PancakeSwap (BSC), and SushiSwap (ETH)), we have room to reduce this source of emission. For example, we have ~$2.5M in the $DG-wETH pool on QuickSwap.

Off-Chain Vote

YES - Reduce
36.67K 95.5%
NO - Keep the Same
1.72K 4.5%
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Timeline

Sep 02, 2021Proposal created
Sep 02, 2021Proposal vote started
Sep 07, 2021Proposal vote ended
Mar 03, 2025Proposal updated