OIP-5: Lower LP Staking Rewards

Summary: We should decrease LP staking rewards now that the protocol owns the vast majority of the pool.

Background: LP staking was introduced at launch to help bootstrap liquidity before liquidity bonds were introduced. The protocol (between the treasury and what is being farmed on Onsen) now owns >83% of the pool. LP staking has gone from 80% of the liquidity to 16% today. However, we are still paying the same rewards as when we started.

Abstract: This proposal seeks to lower the LP staking rewards through a phased approach. Rewards would be lowered from 90 OHM per day down to 45 OHM per day. Two schedules have been proposed for getting there:

Schedule Option 1: Day 0: Proposal passes Day 1: Rewards from 90 -> 80 Day 5: Rewards from 80 -> 65 Day 9: Rewards from 65 -> 45

Schedule Option 2: Day 0: Proposal passes Day 1: Rewards from 90 -> 80 Day 5: Rewards from 80 -> 70 Day 9: Rewards from 70 -> 60 Day 14: Rewards from 60 -> 45

Motivation: To utilize our funds efficiently, and to minimize the impact of a transition to lower rewards.

For: Option 1 For: Option 2 Against: Do not lower rewards