UIP011 - Sunsetting UTS Emissions on Polygon

Summary:

This UIP proposes to sunset UTS emissions for all lending and borrowing activities on Unitus within the Polygon network.

Abstract:

Unitus was rebranded from dForce Lending, and subsequently launched UTS emissions on the Polygon network since November 2023.

When / if approved by the Unitus community, we will terminate UTS emissions on the Polygon network.

Motivation:

Unitus DAO conducts regular evaluations of all supported assets and networks to identify potential risks and enhance the overall performance of our protocol. This systematic assessment not only focuses on assets but also seeks to optimize our strategies for the future.

In particular, we place a strong emphasis on evaluating the efficiency of UTS liquidity mining. By analyzing the effectiveness of our liquidity mining initiatives, we aim to allocate resources more strategically. Our goal is to create incentives that promote lending and borrowing activities, especially in areas with the highest transaction volumes. This approach will help us optimize the platform’s functionality and ensure its long-term sustainability.

Through these strategic evaluations and adjustments, we strive to cultivate a more efficient and rewarding environment for all users. By aligning our incentives with user activity, we aim to foster growth and stability, ultimately contributing to a robust ecosystem that benefits everyone involved.

Next Step:

Terminate UTS emissions on the Polygon network.