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ichi.farmichi.farmby0x559dB50A6a92DBdD19a2E609fE9942ef7a3aDCE50x559d…DCE5

Stable DODO Yield Adjustments

Voting ended about 4 years agoSucceeded

Summary of Updated Pool

  • Keep incentives the same, as approved by the original Stable DODO Launch proposal
  • Add a Stable DODO Deposit on app.ichi.org with 1/3rd of total ICHI rewards streamed there
  • Continue to provide ICHI rewards on DODO mining on Ethereum mainnet
  • $DODO rewards provided as incentives to the oneDODO/BUSD pool on Binance Smart Chain (BSC)

Context: The Stable DODO proposal was approved for launch on October 22, 2021: https://snapshot.org/#/ichi.eth/proposal/QmVvUFXTatYRUVVGEjAkUgXBCxDWA9HEs8AEw2rjSVpFxZ

In it, the ICHI and DODO teams describe the incentive allocations.

Proposal: With this proposal, we look to the ICHI community to approve the change in incentive allocations as we begin to bridge oneDODO from Ethereum to BSC enabling cheaper transactions and simple ways for users to purchase and use oneDODO within that ecosystem as well.

ETH Mainnet

  • OneDODO/USDC ETH pool, adjust to $125,000 of $ICHI per month over two months
  • OneDODO Deposit Rewards on ICHI.org: $83,500 of $ICHI per month over two months

BSC Mainnet

  • OneDODO/BUSD pool, $150,000 of $DODO per month over two months

Outstanding $145,000 of $DODO remain in rewards contract and will be used to incentivize future L2 developments of Stable DODO.

Off-Chain Vote

Yes - Approve relocations
183.59K 100%
No - Do nothing
0 0%
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Timeline

Dec 03, 2021Proposal created
Dec 03, 2021Proposal vote started
Dec 04, 2021Proposal vote ended
Oct 26, 2023Proposal updated