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Synapse ProtocolSynapse Protocolby0x0AF91FA049A7e1894F480bFE5bBa20142C6c29a9aureliusbtc.lens

[SIP-05]: Recalibrating SYN Emissions

Voting ended over 4 years agoSucceeded

Full Context: https://forum.synapseprotocol.com/d/5-sip-05-recalibrating-syns-emissions/4

Summary:

  • Harmony: unchanged at 30k SYN/ week (reduced once ONE rewards go live)
  • Fantom: Reduce from 95.5k SYN to 78k SYN/week with a mandate to adjust it if necessary, including increasing emissions back, to keep average TVL above $50m (see rationale in original proposal)
  • Polygon: Reduce by 10% per week over three weeks, from 95.5k to 70k SYN/week
  • BSC: Reduce by 12% per week over three weeks, from 111,475/week to 77k SYN/week
  • Avalanche/Arbitrum: Reduce by 14% per week over three weeks, from 111,475 to 70k SYN/week for nUSD pools and 140k to 89k SYN/week for nETH pool

Off-Chain Vote

Reduce emissions
9.74M 100%
Maintain current emissions
217.71 0%
Download mobile app to vote

Timeline

Nov 05, 2021Proposal created
Nov 05, 2021Proposal vote started
Nov 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated