The proposed changes represent the largest farm overhaul in almost two years, with the primary objective being to redirect BOO rewards from underperforming farms towards increasing liquidity for the USDC-FTM pair. Additionally, a new high volume pair, PEPE-FTM, will be introduced to Spookyswap to generate significant volume and fees.
The proposal also includes adjustments to existing farms based on their 30-day volume and liquidity, including the closure of expired partnered staking pools. Boosting USDC-FTM's liquidity is crucial to maintain Fantom's high volume and deep liquidity.
The new PEPE-FTM farm will have a weight of 1.0x, but its weight can be adjusted as necessary based on its volume. Meanwhile, several other farms will see their weights reduced, such as FTM-ALPACA, FTM-SPELL, and FTM-LQDR, among others.
Overall, these proposed changes are expected to improve Spookyswap's liquidity, generate higher trading volume, and better align BOO rewards with top-performing farms.
| New Farm | Weight (new) |
|---|---|
| PEPE-FTM | 1.0x |
| Farm | Weight (old) | Weight (new) |
|---|---|---|
| USDC-FTM | 9.0x | 15.69x |
| SUSHI-FTM | 0.4x | 0.15x |
| CRV-FTM | 1.6x | 1.0x |
| BNB-FTM | 2.0x | 1.3x |
| BIFI-FTM | 0.3x | 0.2x |
| ETH-YFI | 0.5x | 0.2x |
| FTM-TAROT | 1.0x | 0.1x |
| LQDR-FTM | 0.6x | 0.01x |
| FTM-SPELL | 0.6x | 0.2x |
| USDC-MAI | 1.0x | 0.2x |
| FTM-AVAX | 1.2x | 0.8x |
| FTM-BEETS | 0.5x | 0.25x |
| FTM-ALPACA | 0.3x | 0.1x |
| BOO-USDC | 3.7x | 2.0x |