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dYdXdYdXby0xf90dC46f86c3F78de244080143968433598120440xf90d…2044

A Further Step Towards More Equitable LP Rewards

Voting ended over 3 years agoSucceeded

We propose:

a) Changing the weights for non BTC/ETH markets to v = 0.6, d = 0.35, and s = 0.05. b) For BTC/ETH, v= 0.8, d = 0.15, s = 0.05 c) Reducing the amount paid for BTC/ETH to 10%/10% rather than 20%/20%, thus giving 80% to the other markets.

The main direction then is to increase weight towards the Volume term that was added last time by Wintermute's proposal, as well as acknowledge the maturity of BTC/ETH markets and the lower need there to incentivize book-quoting.

Over time as other markets mature we can move further on towards even more simple volume weighting.

Off-Chain Vote

Revise weights, BTC/ETH to 10/10
22.76M DYDX99.9%
No changes
11.86K DYDX0.1%
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Discussion

dYdXA Further Step Towards More Equitable LP Rewards

Timeline

Aug 09, 2022Proposal created
Aug 10, 2022Proposal vote started
Aug 14, 2022Proposal vote ended
Oct 26, 2023Proposal updated