SIP-14: Ruler protocol round 2
We believe our partnership with Ruler protocol has been a resounding success.
The initial pool deployed for vETH2 had a 45 day duration and we are nearing the end of it.
We would like to continue partnering with Ruler protocol. Additionally we would like to double the rewards to remain competitive with other protocols that have partnered with Ruler.
Some metrics from Ruler: Deposited as collateral: 132 vETH2 Total Currently Lent: $769,632 Currently borrowed: $112,024 DAI Liquidity ~$1,000,000 (42.92% APY for Farming LPs) Curve Pool Swap Fees: 1%
Link to protocol: https://app.rulerprotocol.com/
Vote options:
- Continue partnership with the same rewards
- Continue partnership with double rewards to stay competitive
- Do not continue partnership and end SGT rewards for Farming LPs
- Abstain
Off-Chain Vote
Continue, same rewards
17.96K 25.1%
Continue, double rewards
53.25K 74.4%
End rewards
33.38 0%
Abstain
362.19 0.5%
Timeline
Apr 21, 2021Proposal created
Apr 21, 2021Proposal vote started
Apr 29, 2021Proposal vote ended
Oct 26, 2023Proposal updated