👨🌾 Calling all farmers, should we further incentivize the 80/20 FARM pool, or should we spray the emissions to incentivize AUM instead?
There are two representative opinions on the path forward on how to graze our fertile pastures:
Option 🍏: As the farm continues to gain in prosperity, the balancer pool is proving to become less relevant over time. 89.8% of the volume occurs on Uniswap, versus 8.49% on Balancer. The protocol uses Uniswap for FARM buybacks because the slippage is much less. 🍏 farmers believe that it's in the protocol's interest to move the emissions to incentivize AUM, and generate more profit sharing for FARM.
Option 🍊: We want to diversify our sources of liquidity, and balancer is the second largest exchange, which allows for flexible splits. Not all farmers can take IL on a 50/50 pool, and some people prefer the 80/20 because it is less risk. 🍊 farmers believe that it's in the protocol's interest to keep it, as a way to distribute FARM to this type of liquidity provider. These LPs also get BAL rewards.
Vote 🍏 to move emissions to front page deposits. Vote 🍊 to keep balancer pool.