PTIP-77 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
PTIP-77 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
Simple Summary
Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
Motivation
The POOL rewards for the POOL/ETH LP on Uniswap V2 will end in <2 days. Currently, the POOL/ETH LP on Uniswap V2 is emitting 150 POOL per day.
Rationale
Without liquidity, the POOL token will become more volatile. Pending a new liquidity solution, we should continue our rewards to Uniswap V2 POOL/ETH. The liquidity providers provide a vital service to the protocol and have proven themselves long-term aligned.
Technical Specification
transfer on the POOL token
dst: 0x9A29401EF1856b669f55Ae5b24505b3B6fAEb370
rawAmount: 9000000000000000000000
Status
RFC: https://gov.pooltogether.com/t/rfc-renewing-pool-eth-lp-uni-v2-rewards-and-discontinuing-ppool-rewards/2379 On-Chain: https://vote.pooltogether.com/proposals/43
Off-Chain Vote
APPROVE
122.87K PPOOL98.6%
REJECT
1.78K PPOOL1.4%
ABSTAIN
0 PPOOL0%
Timeline
Jun 27, 2022Proposal created
Jun 27, 2022Proposal vote started
Jun 30, 2022Proposal vote ended
Dec 12, 2024Proposal updated