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Idle DAOIdle DAOby0xf12ce5807e3d3128B876aa1Cec0632D63547E22E0xf12c…E22E

[Temperature check] - LP staking implementation for IDLE (2/3)

Voting ended almost 5 years agoSucceeded

Summary

This is the second poll that defines the LP staking parameters. You can find the others in the [Snaphot page]. This poll aims to identify the rewards per day in $IDLE for the pool(s). Liquidity Staking is the process of locking the IDLE assets you deposit on a DEX pool (either ETH pool or stablecoin pool) and earning rewards in return. The LP program will last 6 months with the possibility of extension (even multiple times if the community decides so) with the reward funds coming from the Ecosystem Fund. Forum Discussion link https://gov.idle.finance/t/final-discussion-for-the-lp-staking-implementation-for-idle/346

Details

The more $IDLE rewards are given to LP providers the bigger emission inflation for the next 6 months. Around 126,000 $IDLE with the choice of 700 $IDLE rewards per day and around 180,000 $IDLE with 1000 $IDLE rewards per day. Keep in mind that in case the community votes for both Uni and Sushi in the snap vote (1/3) the $IDLE rewards will have to be split 50/50 to these pool(s).

Voting Options

Please cast your vote on one of the following options to decide the rewards allocated per day:

  1.  700 $IDLE rewards per day
    
  2.  1000 $IDLE rewards per day
    
  3.  Discuss more
    

Off-Chain Vote

700 $IDLE rewards per day
18.89K 8.2%
1000 $IDLE rewards per day
210.39K 91.8%
Discuss more
0 0%
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Timeline

Mar 24, 2021Proposal created
Mar 24, 2021Proposal vote started
Mar 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated