Reduce $MUSE emissions to LPs
Summary
Liquidity mining incentives are set to end when 1 million $MUSE has been issued, that is around October 21st 2022 at current emission rates. I propose we reduce emissions to LPs so that liquidity is incentivized for longer on Uniswap.
Overview
Currently 250 $MUSE is distributed to MUSE/ETH LPs daily, there are around 25,514 more $MUSE to be minted which would end emissions in 102 days, around Oct. 21st.
1,000,000 (Max supply) - 974,486 (Current supply) = 25,514 25,514/250 = 102 days left for emissions
If we reduced emissions by:
25% = 187.5 daily and gives ~136 days, Nov 24th 2020. 50% = 125 daily and gives ~204 days, Jan 31st
Having liquidity on decentralized exchanges is good for people who do not wish to or can’t trade on cexes. This would also give the DAO more time to think about long term strategies for liquidity needs.
Off-Chain Vote
No change
12.01K MUSE18.4%
Reduce by 25%
0 MUSE0%
reduce by 50%
53.19K MUSE81.6%
Quorum:652%
Discussion
Timeline
Jul 15, 2022Proposal created
Jul 15, 2022Proposal vote started
Jul 18, 2022Proposal vote ended
Mar 21, 2025Proposal updated