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SpookySwapSpookySwapby0x95478C4F7D22D1048F46100001c2C69D2BA573800x9547…7380

Prop-006 - AVAX Farm and adjustment

Voting ended about 4 years agoSucceeded

This new proposal aims at adjusting underperforming Farms and introducing a new AVAX farm!

There is 0 net dilution from the addition of the AVAX farm.

In recent months DAI has emerged ahead of USDT in volume very consistently due to the emergence of OHM style protocols on Fantom, as such we are adjusting the two farms to match the latest trend. SNX, ZOO and AAVE have been under-performing lately and are being lowered or discontinued in favor of FTM-AVAX which we expect to be a high volume pair.

FTM-JOE is being lowered at the request of TraderJoe (The BOO Farm on JOE is set to be lowered as well)

Finally, at the request of WOO we are discontinuing WOO-USDC in favor of WOO-FTM which we expect to have both more volume and more liquidity. WOO will also be refilling the partnered staking xBOO pool!

Farm Weight (old) Weight (new)
FTM-DAI 3 4.2
FTM-fUSDT 4.2 3
FTM-JOE 0.5 0.3
FTM-AAVE 0.7 0.4
FTM-ZOO 0.2 0
FTM-SNX 0.3 0
New Farm Weight
FTM-AVAX 1.2
Farm Replacement Weight (old) Weight (new)
WOO-USDC 0.7 0
WOO-FTM 0 0.5

Off-Chain Vote

Aye
2.32M 99.8%
Nay
4.49K 0.2%
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Timeline

Dec 16, 2021Proposal created
Dec 16, 2021Proposal vote started
Dec 18, 2021Proposal vote ended
Oct 26, 2023Proposal updated