REP4: Emissions for xRuler LP

Voting ended almost 5 years agoSucceeded

The addition of $xRuler as a collateral option is imminent. In order to meet expected demand, I would like to propose that we increase emissions to the future $xRuler farm from 50 $ruler/week to 200 $ruler/week.

The farms for all new collateral options on the platform receive a base emissions rate of 50 $ruler/week. Based on the number of $ruler tokens in circulation, and expected demand, I believe this to be insufficient. Being able to borrow stables against staked $ruler with low interest rates will be a fantastic value-add, and I think it makes sense to prioritize our native token.

*Please note that this change would only affect LPs of the farm, xRuler staking emissions are unaffected.

Off-Chain Vote

Agree - Increase emissions

10.59K 99.1%

Disagree - Emissions unchanged

95.81 0.9%

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Timeline

Mar 28, 2021Proposal created

Mar 28, 2021Proposal vote started

Mar 30, 2021Proposal vote ended

Jun 12, 2024Proposal updated