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PICKLEPICKLEby0x821880a3E2bac432d67E5155e72BB655Ef65fa5E0x8218…fa5E

[PIP-24] PICKLE rewards for MIC-USDT PickleJar

Voting ended about 5 years agoSucceeded

Intro

Background and PIP discussion here.

In short, our new Basis Cash and MITH Cash PickleJars have been successful at attracting deposits and for generating protocol revenue. There is an opportunity to attract even more liquidity by incentivizing the MIC-USDT Jar with PICKLE emissions.

Proposal

This proposal, if passed, will allocate PICKLE rewards as follows:

PICKLE/ETH: 64%
pSUSHIMICUSDT: 6%
pUNIBACDAI: 6%
p3CRV: 4%
pSUSHIDAI (Sushi ETH/DAI LP): 4%
pSUSHIUSDC (Sushi ETH/USDC LP): 4%
pSUSHIUSDT (Sushi ETH/USDT LP): 4%
pSUSHIWBTC (Sushi ETH/WBTC LP): 4%
pSUSHIYFI (Sushi ETH/YFI LP): 4%

This evens out the emissions for our two newest Jars at 6%, flattens the Sushi Jar rewards at 4%, and decreases PICKLE/ETH LP rewards by 1%. Presently, the allocation of PICKLE rewards is as follows:

PICKLE/ETH: 65%
pUNIBACDAI: 8%
p3CRV: 4%
pSUSHIDAI (Sushi ETH/DAI LP): 4%
pSUSHIUSDC (Sushi ETH/USDC LP): 4%
pSUSHIUSDT (Sushi ETH/USDT LP): 4%
pSUSHIWBTC (Sushi ETH/WBTC LP): 5%
pSUSHIYFI (Sushi ETH/YFI LP): 6%

Off-Chain Vote

Implement proposal
75.96 73.5%
Do nothing
27.32 26.5%
Download mobile app to vote

Timeline

Jan 14, 2021Proposal created
Jan 14, 2021Proposal vote started
Jan 15, 2021Proposal vote ended
Oct 26, 2023Proposal updated