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SushiSushiby0xF942Dba4159CB61F8AD88ca4A83f5204e8F4A6bd0xF942…A6bd

SIP-3: (7-day vol > ~100M) Adjust Reward Weight for YFI-ETH / USDC-ETH / DAI-ETH LP Pools

Voting ended over 5 years agoSucceeded

SIP-3: (7-day vol: ~150M / ~130M / ~100M) Adjust Reward Weight for YFI-ETH / USDC-ETH / DAI-ETH LP Pool

These pools command substantial trading volume on Uniswap. They naturally have very high liquidity and that currently makes $SUSHI reward yield very low compared to other pools that do not command the same level of liquidity / volume (see https://sushi.zippo.io/). Should we adjust the reward weights of these LP pools to what value?

It's very important for SushiSwap to compensate them reasonably. We need them to stay with us throughout and after the migration.

It's important to keep in mind that higher reward for one pool barely affects the rewards of other pools. Do the math.

If you are not sure what to vote. Come discuss in our #governance discord channel - https://discord.gg/uSMaX2x

Once the vote is done, Chef Nomi will take the weighted average value and implement the change by invoking MasterChef "set" function through the Timelock contract.

-- Chef Nomi trusts you guys, so please vote responsibly and reasonably.

As a reminder, voting opens for 24 hours. Voting power is determined by SUSHI-ETH LP staked in the MasterChef contract at ~7-8 hours (2000 blocks) after the proposal is proposed. Once approved, Chef Nomi will be implementing the change through the Timelock contract. Changes submitted by Chef Nomi are always subjected to a 48-hour time delay.

Off-Chain Vote

1x
105.1K 42.3%
2x
50.61K 20.4%
3x
295.63 0.1%
4x
92.26K 37.2%
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Timeline

Aug 31, 2020Proposal created
Aug 31, 2020Proposal vote started
Sep 01, 2020Proposal vote ended
Jan 23, 2024Proposal updated