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PlanetPlanetby0x9Dd317ca17082e31f4aF50686EFAa6dCfFCF37C00x9Dd3…37C0

Incentivize AQUA-BUSD

Voting ended over 4 years agoFailed

The newly added AQUA-BUSD vault multiplier is 5x, which isn't providing enough of an incentive to provide liquidity. Thus contributing to an increased price impact. The AQUA-BNB & AQUA-CAKE vault multipliers are each 25x. The TVL in the BNB & CAKE pools is over $2 million while the BUSD pool is sitting below 500K. The APY in the BUSD pool is currently higher, but it wouldn't take much new liquidity to cut that in half.

Price Impact Calculation: 10 AQUA -> 4.197 BNB = .1% price impact 10 AQUA -> 1190 BUSD = .57% price impact

The price impact when trading AQUA utilizing BUSD is almost 6x that of BNB. Increasing the TVL will help stabilize the price of AQUA and minimize the large price fluctuations per trade.

The community should vote on what the new AQUA-BUSD vault multiplier should be, with the option of keeping it as is.

Off-Chain Vote

25x (equal to BNB/CAKE pairs)
0 0%
20x
0 0%
15x
0 0%
5x (remain the same)
0 0%
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Timeline

Jul 19, 2021Proposal created
Jul 19, 2021Proposal vote started
Jul 20, 2021Proposal vote ended
Oct 26, 2023Proposal updated