CONTEXT
Currently, the deepest SD<>ETH Liquidity Pool (and second deepest SD LP overall) is sitting in this 80/20 Balancer pool: Balancer 1
This 80/20 Balancer pool represents smaller IL risk and bigger exposure to SD than a 50/50. (Read more about Balancer Weighted Pools here Weighted Pools | Balancer).
Pool metrics at the moment of writing this proposal: TVL: $617k SD TVL: $493k ETH TVL: $124k LP rewards ranging 10% - 26%.
PROPOSAL
This proposal aims to migrate the rewards given to incentivize a deep liquidity from the abovementioned SD<>ETH pool to a new one paired with ETHx. The main goal behind this:
Also, the current incentives dedicated to the SD<>ETH 80/20 pool would be redirected to the new SD<>ETHx 80/20 pool when deployed, if this proposal were to pass the Stader DAO vote.
Until then, the current SD<>ETH pool will continue being incentivized as per usual.