Add Liquidity Providers' Incentive on Spread

Voting ended about 4 years agoSucceeded

In reference to https://forums.dydx.community/discussion/2519-incentivize-liquidity-providers-on-spread

Target - Incentivize market makers to provide liquidity that could be accessible to ALL traders by narrowing spread

Suggestion - Adjust the current Qscore formula to add Liquidity Providers' Incentive on Spread where each order gets Depth/(Spread^2) from current Depth/Spread to address higher importance to spread

Off-Chain Vote

Yes - Add weight on spread

2.92M 33%

No - Keep current formula

5.93M 67%

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Timeline

Jan 10, 2022Proposal created

Jan 10, 2022Proposal vote started

Jan 15, 2022Proposal vote ended

Oct 26, 2023Proposal updated