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Ruler ProtocolRuler Protocolby0x5DD596C901987A2b28C38A9C1DfBf86fFFc15d77sifu.eth

REP3: Emissions Improvement

Voting ended almost 5 years agoSucceeded

After a lengthy discussion with the team and feedback from the community, I would like to propose the below changes to our emission schedule.

ETH-RULER: 50% increase of emissions, from 1666.67 to 2500 per week. Lending LP WBTC/WETH: 45% reduction of emissions, from 2020 to 1125 per week. Lending LP Cover: 45% reduction of emissions, from 202 to 112.5 per week. Cover CDS WBTC/WETH: 90% reduction of emissions, from 437.5 to 43.75/week. Cover CDS Cover: 90% reduction of emissions, from 145.83 to 14.58 per week.

The move to Curve Factory pools results in more efficient capital management and substantially reduced slippage. Lenders are now able to perform the same function without the same level of TVL required, allowing us to redirect incentives where they are needed.

Off-Chain Vote

Agree
2.1K 99.6%
Disagree
9.28 0.4%
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Timeline

Mar 18, 2021Proposal created
Mar 19, 2021Proposal vote started
Mar 20, 2021Proposal vote ended
Jun 12, 2024Proposal updated