As FODL platform is now launched on Polygon L2 and users will be able to claim FODL token rewards directly on Polygon, the FODL team believes it time to restart LM rewards for MATIC/FODL LP on QuickSwap to incentivize increased liquidity.
FODL team proposes that 5M FODL be allocated to MATIC/FODL LP rewards pool to be distributed over 1 year. We propose that this 5M FODL come from the existing FODL/ETH & FODL/USDC rewards allocations for ETH network, which would effectively reduce the total LP rewards given on ETH from 150M FODL to 145M FODL over 3 years. This reduction would be implemented by ending ETH LP pool incentives ~2 months early, in August 2024 instead of October 2024.