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Swivel DAOSwivel DAOby0x3f60008Dfd0EfC03F476D9B489D6C5B13B3eBF2Ctraversa.eth

SIP (#008): Updated Liquidity Incentives

Voting ended over 3 years agoSucceeded

In previous discussions, the suggested venue for continued incentives became Rari due to the ability to utilize an LP further to borrow capital while also earning liquidity rewards. However in recent context, it is unclear when/whether Rari will recover and properly facilitate a liquidity program.

We would like the community to consider the current options with regard to our liquidity program, especially in the interim period until the launch of the SSM and Swivel v3.

We can either continue with the current program, reduce incentives at a similar rate to our previous proposal (the current APY is excessive), or temporarily go without incentives until a further discussion demands it.

Off-Chain Vote

Update Current Plan
53.29K SWIV21.1%
Further Reduce Incentives
53.21K SWIV21%
Temporarily End Incentives
146.52K SWIV57.9%
Quorum:127%
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Discussion

Swivel DAOSIP (#008): Updated Liquidity Incentives

Timeline

Jun 16, 2022Proposal created
Jun 16, 2022Proposal vote started
Jun 18, 2022Proposal vote ended
Sep 13, 2024Proposal updated