Context

SIS is the governance token of the Symbiosis protocol. veSIS holders, users who have staked SIS, can participate in protocol governance and become eligible for various reward programs. One of these programs was designed to provide boosted APR for veSIS holders who also supplied liquidity to Symbiosis liquidity pools. The program helped support liquidity provision at an earlier stage of the protocol. Since then, Symbiosis pool activity has increased, and the standard APR available to liquidity providers has become competitive on its own. The program was paused and requires reassessment before any further use.

Proposal

Distribute the SIS rewards accrued under the boosted APR program up to the moment the program was paused. After the final distribution, fully discontinue the boosted APR program and remove it from the active reward structure.

Key Points

• The standard APR available to liquidity providers has become competitive on its own, reducing the need for an additional boosted APR program.
• Rewards accrued before the pause should be distributed as a final settlement, ensuring that eligible participants receive the rewards earned under the program before it is discontinued.
• veSIS utility should remain focused on governance and dedicated veSIS-related benefits, while liquidity provision should be treated as a separate protocol activity.