SIP-67: New USDs Pools and Incentives

Author(s): Sperax Core Team Reference: USDs, Demeter, DEX Created: Aug 12, 2024

Summary

This proposal aims to incentivize newly opened stable-USDs pools to facilitate more USDs TVL.

Motivation

USDs TVL is not increasing as per expectations. A lot of rewards to be emitted within the LTIPP timeline are available.

Overview

Demeter has not been able to attract liquidity as expected even with very high rewards. Various reasons can contribute to the slow performance of Demeter. We would like to make USDs available on all decentralized exchanges on Arbitrum to increase the reach of the USDs.

To address this we will open up the following pools.

USDC-USDs Ramses Exchange USDC-USDs Balancer Dex USDC-USDs Curve USDC-USDs TraderJoe USDC-USDs Pancake USDC-USDs Sushiswap

To attract liquidity, we would like to incentivize these pools with the rewards made available for Demeter liquidity as per SIP-63. We will also incentivize the existing USDs liquidity pools as well from the same reward pool.

The reward rate will remain very high to attract stable-stable liquidity and incentivize the LPs.

Technical Specifications

Incentivize the pools mentioned above from the rewards made available for Demeter through SIP-63.

Voting

For:

Support this proposal

Against:

Reject this proposal