Distribute BANK rewards to BANK-ETH sLP Pool

This proposal follows Phase 4 (III) checkup poll & FIP 013 Bond Pilot

Option 3 (Alternative rewards + Bonds Pilot) appears to be the most popular vote so far on Phase 4 (III) checkup poll & FIP 013 Bond Pilot Snapshot Proposal. If Option 3 does pass it is proposed to distribute 150 BANK/week to the BANK-ETH sLP pool.

Motivation

[Alternative Rewards + Bonds] does not include any BANK rewards for BANK-ETH sLP stakers. Although it has the advantage of relatively lower BANK emissions, it may be detrimental to the overall liquidity held in the BANK-ETH pool as well as further BANK price pressure. As the Protocol trials the Bonds Pilot programme with Olympus DAO and potentially transitions to regular bonds to own liquidity, it makes sense to do this in a gradual way. As such to maintain liquidity in the short to medium term in the BANK-ETH pool, the BANK rewards need not be removed for those who have been reliable liquidity providers thus far.

At current prices there is only $250k worth of bonds available for BANK-ETH sLP yet there is $4M of liquidity staked in the BANK-ETH sLP reward pool. One begs the question where does all this liquidity go if one were to remove the BANK rewards for liquidity providers, as after the bonds there is still $3.75M worth of liquidity without incentivisation.

To maintain BANK-ETH liquidity the Protocol shall distribute 150 BANK/week to the BANK-ETH sLP pool rather than removing it as the alternative rewards state. For context, this would be three quarters of what is being distributed to the pool currently.

The Vote

Vote Yes, to distribute 150 BANK/week to the BANK-ETH sLP pool, if Option 3 is the most popular choice on Phase 4 (III) checkup poll & FIP 013 Bond Pilot Snapshot Proposal.

Vote No, to do nothing.