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Donut DAODonut DAOby0x4d22f2d09f9E49B014E3a1AFC4f903a25a8c17FDdonutlove.eth

Equalize Bonus Liquidity Provider Incentives Across Uniswap and Honeyswap

Voting ended over 3 years agoFailed

The Goal of this Governance post is to equalize the bonus incentives awarded to those who provide liquidity for the Donut-Dai pair and Donut-ETH pair on Honeyswap and Uniswap respectively.

Each month we are given donuts for our participation on this glorious sub. Donuts are ERC-20 tokens.

Like almost any other ERC-20 they can be listed on Uniswap or another DEX. For things to be on the DEX they have to have liquidity provided so swaps can take place. When you provide liquidity on a DEX you are given a Liquidity Pool (LP) token to represent your share of the pool of assets.

For providing liquidity for the Donut token and then staking your Liquidity Pool (LP) tokens on the Donut Dashboard you are rewarded with extra donuts. These extra donuts are what I refer to as "Bonus LP incentives" Currently the Bonus LP incentives for Uniswap(ETH) LP providers who stake their Donut LP tokens is collectively 400k Bonus Donuts a month and those who are LP providers on Honeyswap(Gnosis/xDai) are collectively given 200k Bonus Donuts a month as seen here on the Dashboard if you scroll to the bottom.

Now that Gnosis(xDai) is where all Donuts are distributed it would be beneficial to increase LP Bonuses to further incentivize providing liquidity where there will be the most selling pressure; doing so in a manner that does not disincentivize providing liquidity on ETH.

Off-Chain Vote

Yes Equalize them
1.08M DONUT65.6%
No Remain as is
567.68K DONUT34.4%
Quorum:33%
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Discussion

Donut DAOEqualize Bonus Liquidity Provider Incentives Across Uniswap and Honeyswap

Timeline

Aug 16, 2022Proposal created
Aug 16, 2022Proposal vote started
Aug 21, 2022Proposal vote ended
Apr 08, 2024Proposal updated