[RIP-9] Divert liquidity mining rewards from Uni to Sushi & Loopring

Summary: I propose to redirect the planned Uniswap rewards mechanisms to Sushi and Loopring (80% / 20%). These rewards will be used to mine the strategy tokens in addition to the governance token on Loopring. This will use the liquidity created from RIP-2.

Background: The Sushiswap team is like no other. With their aggressive pace of innovation and attention to community they are people that the Rari Team would like to work with. Additionally, Loopring is one of the first liquid DEX’s on a layer 2. Enabling our users to enter and exit positions on a Layer 2 would decrease their capital costs for smaller positions and liquidity mining makes that possible.

Abstract: 80% of the rewards will be going to Sushi for rewards. This will be in addition to our hopeful listing on the Onsen Menu for $SUSHI rewards. All of these rewards will be directed towards the $RGT / ETH pairing.

20% of this will be going to Loopring for rewards. It will be split evenly between three tokens: $RGT, $RSPT (or whatever our later stable pool token is called) and $REPT. This will enable market makers to earn yield while capturing small arbitrage differences between the strategy tokens on the main chain and the layer 2. I imagine that it would make sense for a lot of our users (conducting trades < $2,000) to enter and exit positions via Loopring. This is in addition to the $LRC that is being offered for liquidity mining on their layer 2 AMM.

A follow-up to this post could consider vesting rewards once liquidity has been established; however, we need to focus on enabling as much liquidity as possible for now. Additionally, this should be adjusted on a quarterly basis as the AMM space continues to evolve.

For the sake of simplicity, I am referring to Rari’s Governance Token as $RGT. However, by the time this goes live it may be called $RCAP.

Pool-2 rewards: https://docs.google.com/spreadsheets/d/1scL-iG6j7ywc6Clm5hJY1guvZqL8bF_3jPCkNR75QUk/edit#gid=0

Motivation: Lower cost per user entering into positions (RSPT, REPT, RYPT, RGT) on a layer 2 Aligns us with the Loopring Community Aligns us with the Sushi Community Gives us access to Sushi future products (like Bentobox)