[PIP-14] Pickle Staking Reward Token Change to WETH

Voting ended over 5 years agoSucceeded

Following a previous RFC discussion, it has been decided that we should consider rewarding WETH instead of sCRV for Pickle stakers. Here is a summary:

sCRV is not user-friendly and requires a lot of gas to extract the underlying stablecoins.
WETH can be easily unwrapped into ETH, which is the natural currency of the Ethereum ecosystem.
WETH can be directly used to trade for most tokens on Uniswap and other exchanges.
Pickle was not chosen due to issues with how it looks and also potential technical risks.

Off-Chain Vote

Reward WETH

374.26 99.3%

Reward sCRV (status quo)

2.5 0.7%

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Timeline

Oct 25, 2020Proposal created

Oct 26, 2020Proposal vote started

Oct 27, 2020Proposal vote ended

Oct 26, 2023Proposal updated