[PIP-19] Post-UNI PICKLE Rewards Allocation

Background

UNI farming is expected to end on November 17. Following this forum discussion with 53 comments, a number of options for re-allocating the PICKLE rewards from the Uniswap LP farms have been proposed.

Proposal

Below are the three proposed allocations:

Option A: A heavier Bitcoin rewarded allocation Option B: A balanced approach between A and C Option C: A heavier stablecoin rewarded allocation

OPTION A
RenBTCCRV +11%
3CRV +4%
cDAI +2%

OPTION B
RenBTCCRV +7%
3CRV +5%
cDAI +5%

OPTION C
RenBTCCRV +3%
3CRV +7%
cDAI +7%

Projected APYs, profit fees, and TVL for each of the options:

For reference the final tally of a non-binding Discord vote was: 41-A (25%) | 28-B (17%) | 96-C (58%)

Caveat

Votes cast on this PIP may be ignored if:

1. Uniswap governance decides that the UNI liquidity mining program will continue past November 17; or
2. Sushiswap removes their 2/3 rewards lockup, at which point the Pickle Finance community will determine if the PICKLE rewards allocated to the Uniswap pools should be migrated to the analogous Sushiswap pools