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StaderStaderby0xD93939c5cd996c56349d32c62671E15621BaDa2BGonemultichain

Migrate rewards from Balancer SD<>ETH 80/20 Pool to SD<>ETHx 80/20 Pool

Voting ended over 2 years agoSucceeded

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:

  • Increase the native rewards of the pool, getting exposure to ETH native rewards for the 20% of the ETH side in the pool.
  • Further strengthen the links between SD and ETHx. There are already over 800k SD tokens bonded as collateral from the permissionless validators.

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.

Off-Chain Vote

Yes, migrate
1.01M SD100%
No, remain as is
0 SD0%
Quorum:101%
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Timeline

Aug 16, 2023Proposal created
Aug 16, 2023Proposal vote started
Aug 20, 2023Proposal vote ended
Jun 26, 2025Proposal updated