Incentivize LPs to stay staked during the migration
The moment of migration itself is the most valuable time for LPs to provide liquidity. Nothing in the existing structure incentivizes LPs being staked at the moment of migration.
- There are incentives to LPs BEFORE migration (10x pool)
- There is a proposal to offer incentives AFTER migration
- There is NO incentive to be locked in at the moment of migration! This is when SushiSwap needs LPs the most.
Currently anyone can just get sushis without participating in the migration. Why would you stay staked if you can make 10X rewards before and then pull out your funds and go on your merry way before migration happens?
Proposed Solution: Provide a large, one-time drop of Sushis for all LPs who are staked at the time of migration. This is even more important than providing incentives before the migration.
Off-Chain Vote
No incentive during migration is needed
31.01 0.2%
One Time drop of sushis to LPs who are staked during migration
16.05K 99.5%
One time drop, but offset it with a reduction in pre-migration rewards
43.98 0.3%
Timeline
Sep 03, 2020Proposal created
Sep 03, 2020Proposal vote started
Sep 05, 2020Proposal vote ended
Jan 23, 2024Proposal updated