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GenomesDAOGenomesDAOby0xd53C79fF8c473bbFE4E40e5525D4d24fD4b8534cgenomes.eth

Camelot DEX Nitro Pools - Arbitrum LP rewards continuation or increase

Voting ended about 3 years agoSucceeded

Summary. This GDIP aims to have the DAO vote on what rewards we should be providing on Camelot Dex on Arbitrum.

Details. We currently provide Liquidity rewards on Harvest Finance on Polygon and Camelot Dex on Arbitrum.

Harvest takes a 10% commission in native tokens. Camelot DEX take 0% For the first month on Arbitrum, we matched those on Polygon and tested a minimum locking period of 10 days. That is, rewards of:

7,670,000 $GENE 32,600 $GNOME

Maintaining these rewards should encourage liquidity on Arbitrum.

Increasing the rewards may result in more people moving liquidity from Polygon to Arbitrum. As such, we propose increased rewards should come with increased locking periods. Rewards will run for the length of max lock period at minimum.

Please vote:

Same = Continue with the same level, 10 day locking minimum

1.5x = 1.5x the rewards on Arbitrum (11505000 $GENE + 48,900 $GNOME) +30 day locking minimum

2x = 2x the rewards on Arbitrum (15340000 $GENE + 65,200 $GNOME) + 90 day locking minimum

Off-Chain Vote

Same
0 veGNOME0%
1.5x
1.56K veGNOME30.5%
2x
3.55K veGNOME69.5%
Quorum:511%
Download mobile app to vote

Timeline

Mar 10, 2023Proposal created
Mar 10, 2023Proposal vote started
Mar 15, 2023Proposal vote ended
May 30, 2024Proposal updated