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TrueFiTrueFiby0x07fa72EFf165392E1772b99841AF5F1bdE8F99190x07fa…9919

[Proposal] Migrate Uniswap TRU/ETH Farm to Sushiswap

Voting ended almost 5 years agoSucceeded

Original Author(s): Michael Gasiorek, Jack Sun - TrustToken Forum Proposal: https://forum.truefi.io/t/proposal-new-tru-farming-incentives-for-sushiswap-lps/219/34

Summary: This proposal aims to (1) close the Uniswap TRU/ETH LP farm and (2) start a new TRU/ETH LP farm on Sushiswap with 20% of Uniswap’s current daily TRU rewards.

Background: On January 19th, 2020, I posted a suggestion to market to Sushiswap users by starting a new TRU/ETH farm (rewarded in TRU), suggesting a number of ways to design this new farm.

After a week of robust discussion, the community organized around the “Alternative Suggestion'' of migrating the Uniswap farm to Sushiswap outright. This would close the Uniswap TRU/ETH farm, and launch a new farm on Sushiwap to replace it.

The proposed terms of the new farm are as follows:

  1. End Uniswap farm: TrueFi will end the Uniswap TRU/ETH farm with a week’s notice to LPs. No change to TFI-LP/TUSD farm at this time.
  2. Open Sushiswap Farm: TrueFi will launch a Sushiswap TRU/ETH farm with 20% of the current TRU farm rewards, or approximately 10,108.20 TRU/day.

Poll for the terms of migration proposed in this TIP (17 votes YES; 1 vote NO; 18 total): https://forum.truefi.io/t/proposal-new-tru-farming-incentives-for-sushiswap-lps/219/34

Specification:

  1. Reduce farm emissions to 20% of current emissions
  2. Redirect farm emissions from Uniswap TRU/ETH LPs to Sushiswap TRU/ETH LPs (will allow LPs to farm both Sushi and TRU at the same time)

Off-Chain Vote

YES to Uniswap -> Sushiswap
5.65M 100%
NO to Uniswap -> Sushiswap
0 0%
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Timeline

Jan 29, 2021Proposal created
Jan 30, 2021Proposal vote started
Feb 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated