Reallocate BSR Reserves + LP Node Emissions to Liquidity Incentives

This is the first of two proposals going to SODAX holders to enable Liquidity Rewards for the aSODA and xSODA pool.

What this proposal covers

There are two sources of ICX being proposed for reallocation to liquidity incentives:

1. The 482,003.96 ICX already minted and sitting in the Balance Savings Rate (BSR) contract this will be redirected to liquidity provisioning for the SODA/xSODA pool this is around .

2. The LP node emissions that accumulated between when rewards were turned off and when emissions end (towards end of March). We won't have the exact figure until emissions close, but rough estimates put this at around 11-12k ICX/day — so approximately 150to 160k ICX over a 14 day window. That also gets converted and allocated to the liquidity pool.

What the target looks like

The goal is to maintain 5–15% APR in the aSODA/xSODA pool to attract meaningful liquidity. The exact daily distribution rate will be determined on an ad hoc basis depending on how much liquidity is actually in the pool there's no point distributing more than needed to hit that range.

If the math holds, the BSR reserves should sustain this for a couple of months. At that point, we revisit.

The second proposal

Once we have a better picture of how much is actually needed to sustain the 5–15% target and whether it's needed at all a second proposal will go up to formalise the longer-term approach to liquidity incentives.

For now, this first proposal is about unlocking the existing reserves and getting liquidity incentives live.