Extend current LP incentives program on Optimism

id	Title	Status	Author	Description	Discussions to	Created
TIP-131	Extend LP Incentives on Optimism	Draft	Svenska (@svenskafr) / Milkywave	Extension of LP Incentives on Optimism	https://discord.gg/thales	2023-03-06

Simple Summary

Extend current LP incentives program on Optimism.

Abstract

This TIP proposes to extend our current incentives program on Arrakis for THALES-WETH pool and bribes to Velodrome THALES-USDC and THALES-WETH pools.

Reward structure would stay as:

• Arrakis THALES/WETH pool incentives: 3,000 OP + 30,000 THALES per week
• Velodrome THALES/USDC pool bribes: 8,000 THALES per week
• Velodrome THALES/WETH pool bribes: 8,000 THALES per week

These emissions are to run until further revaluation.

Motivation

Current ratio of incentives between Arrakis Uniswap wrapper and Velodrome provides a healthy, risk-shared and comfortable distribution of on-chain liquidity.

Specification

This TIP entials the Thales Protocol DAO and Treasury DAO to facilitate the following emissions:

• Arrakis Thales/WETH rewards - 3,000 OP + 30,000 Thales per week
• Velodrome Thales/WETH bribes - 8,000 Thales per week + 50% veVELO NFT vote
• Velodrome Thales/USDC bribes - 8,000 Thales per week + 50% veVELO NFT vote

Bribes collected through voting in Velodrome are to be compounded into both pools weekly along with the claim of the veVelo rebase.

The incentives in this proposal are to be valid until further revaluation from implementation.

Implementation

n/a

Copyright

Copyright and related rights waived via CC0.