Realignment of Voltswap Incentive Period for Ecosystem Growth

Detailed Proposal on the topic can be found in the forum discussion here; https://forum.meter.io/t/realignment-of-voltswap-incentive-period-for-ecosystem-growth/154

Understanding Incentive Period: It is the period for which the liquidity pools are assigned with the prescribed Volt emission. For initial launch on Meter Mainnet, the incentive period was 90 days. The yield farm contracts were allocated VOLT emission to meet the daily emission of VOLT for 90 days

Current Design: Volt emission is allocated to the yield farming contracts for 90 days

Limitations of current design: Volt emission is locked for 90 days. Since yield farming incentives still leans more towards behavioral science than an exact science, it is difficult for the team to determine which liquidity pools would get traction in terms of Total Value Locked and Transaction Volume

Proposed Change: Volt emission is allocated to the yield farming contracts for 30 days

What does not change: The rewards multiplier design. It will still gradually and linearly increases from 1x to 10x over 70 days

Benefits: Flexibility to realign of incentives based on the pools which get more traction in terms of TVL and transaction volume. Flexibility to introduce new incentivized pools with shorter wait time

Why 30 days: The duration is long enough to not bring significantly more development (refilling of pools with volt) or administrative (governance proposal for new incentives) overheads while achieving the results it intends

Impact on LPs

1. Need to reshuffle liquidity to ensure ecosystem growth
2. Reduced incentive cliffs