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.
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%