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Pool PoolPool Poolby0x93146d9978d286EE085ba68eE1786a0b6EDA64ECunderthesea.lens

PTIP-70 Uniswap V2 POOL rewards renewal

Voting ended almost 4 years agoSucceeded

Simple Summary

Continue POOL distribution to UNI V2 liquidity providers for 60 days

Motivation

Supporting POOL/ETH liquidity on mainnet where the majority of trading volume occurs Further distributing the POOL token to protocol participants

Overview

The current POOL incentives end in less than 3 days. This proposal continues the LP rewards at 150 POOL per day. This distribution would last 60 days at which point it could be renewed by governance or left to expire.

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 an important service to the protocol and have proven themselves long-term aligned.

RFC: https://gov.pooltogether.com/t/ptip-69-polygon-uniswap-v3-weth-pool-liquidity/2170 Onchain: https://vote.pooltogether.com/proposals/39

Off-Chain Vote

Approve
118.05K PPOOL99.7%
Reject
311.67 PPOOL0.3%
Abstain
0 PPOOL0%
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Timeline

Apr 21, 2022Proposal created
Apr 21, 2022Proposal vote started
Apr 24, 2022Proposal vote ended
Oct 16, 2024Proposal updated