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Float ProtocolFloat Protocolby0xE08d07320834037539FfA53cAd464E6747c64E080xE08d…4E08

[FIP 020] - Phase 4 (III) Rewards Check up

Voting ended about 4 years agoSucceeded

Following the discussion under FIP 020 on the forum and discord, it is proposed that as of the 21st of November, the next 4 weeks of rewards for our pools, would be as follows:

  • 50 BANK per week to BANK-ETH sLP Pool
  • 200 BANK per week to FLOAT-ETH sLP pool
  • 20 BANK per week to FLOAT-USDC LP (Uniswap v3 + Low fee) pool
  • 40 BANK per week to BANK-only pool

Motivation

The bonds program with Olympus pro has been popular. Furthermore, FLOAT-ETH bonds will also be added very soon after being approved via FIP 016. Alongside, the multiplier pools have continued to perform well, maintaining significant amounts of liquidity staked while earning BANK rewards.

As the Protocol looks to continue its bonds program with the aim of acquiring BANK-ETH and FLOAT-ETH LP to its treasury, the Protocol looks to manage the Phase 4 (III) BANK rewards in tandem. The above-mentioned rewards should maintain a significant proportion of liquidity in the pools while rolling out the bonds, in addition to adjusting the inflation of BANK.

The Vote

Vote Yes, to approve all. Vote No, to do nothing.

Off-Chain Vote

Yes
5.32K 51.6%
No
5K 48.4%
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Timeline

Nov 10, 2021Proposal created
Nov 11, 2021Proposal vote started
Nov 14, 2021Proposal vote ended
Oct 26, 2023Proposal updated