ScrMP-01: Six week trial run of 5000 SCREAM in bribes on FVM

Summary

• Support liquidity on the SCREAM/WFTM FVM pair by bribing 5000 SCREAM from treasury each week for the next six weeks.

Specification

Following the passing of ScrIP-04, Scream has seen nearly $200k in liquidity migrate to FVM, but APR is low compared to other similarly deep pairs. By bribing SCREAM rewards, veFVM are more likely to vote for SCREAM, increasing FVM emissions and attracting more LPs to the pair. Since Scream is also a major voter for and holder of the SCREAM/WFTM LP, this would benefit the protocol greatly with higher emissions (more veFVM to lock) and a large percentage of bribes returned each week, meaning that much less than 30k SCREAM will likely be needed for the full six weeks.

This Scream Maintenance Proposal (ScrMP) will take effect immediately after a 72-hour vote, in time for bribes to be live for a full 24 hours prior to the next epoch beginning July 12th.

Voting Choices

For: Bribe FVM SCREAM/WFTM market with 5000 SCREAM per week for the next six weeks. Against: Do nothing.