Push Rewards Program extension proposal

The Push Liquidity Rewards Program is coming to an end on March 16th, 2023. And a suggestion has come from a Push Community member to extend the duration of the program. You can see the proposal in the Governance forum here.

Upon confirming the support and positive feedback for this proposal from community members, investors, and the team; this proposal aims to extend the Push Rewards Program for another season.

Program extension keypoints:

• Duration: 84 weeks
• Start Date: TBD (Program will start soon after Push Smart Contracts v2 audit is finished)
• Total Rewards: TBD (range from 3,066,100 $PUSH - 3,414,700 $PUSH)
• Allocated rewards will decrease for each sequential epoch.
• Rewards will be distributed at the end of each epoch (21 days), to be shared in % proportion to a user’s contribution to the pool.
• Staking will only be available through the official Push staking portal.

Revisiting our approach to Liquidity

Push DAO is looking to approve the continuation of the Liquidity Rewards Program in the PUSH and PUSH-ETH pools, effectively extending and upgrading the current liquidity mining rewards.

With V2 of Push Protocol in audit that includes sequencer / fee pool staking, passing of the proposal will mean that the staking contract will become a Push Protocol V2 contract and will allow users to not only claim the staking rewards but any other additional fee pool rewards that have started to come in the protocol along with rewards in the future.

Find more detailed information regarding Push Tokenomics and the Push Fee Pool here.

This new strategy will improve liquidity rewards at levels above the ones observed during the first iteration of the program.

Other considerations

1. With Push Protocol v2 smart contracts in the final stage of auditing - the pools will be officially launched soon after the audit successfully finishes.

2. Please note that you are responsible for making sure you are providing liquidity properly — the Push team can’t help you track down misplaced assets. Please ensure you use a compatible wallet for $PUSH ERC-20 tokens. We recommend MetaMask.

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Conclusion

As mentioned in the Governance forum Push is poised for a big year ahead, and ensuring reliable token liquidity is key to succeed. Push Team is committed to maintaining and growing our protocol adoption and continue developing features to fulfill the most demanding web3 needs, while providing methods for our community to be an active part of the protocol and receive rewards!