Community Voting for Epoch 21 Lending Pool Incentives

Given that OpenLeverage derives a substantial portion of its trading fees from token pairs, the lending pools that support these trading pairs will need to be incentivized or bootstrapped with a base amount of OLE rewards to drive sustained activity on the platform.

Lending Incentive Allocations

100% of OLE lending rewards will be up for a vote, with voters choosing the pools to be rewarded.

Qualifying for Lending Incentives

In order for a pool to be eligible to receive OLE incentives, it must meet all of the following criteria at the time of snapshot:

1. The liquidity on the lending pool must have at least $1,000 in deposits;
2. Underlying spot liquidity for the specific pair must be at least $500k on one of the supported DEXs;
3. One side of the trading pairs should be in the following currencies: BNB/BUSD/USDT/USDC/ETH/BTC/CAKE.

A list of qualified pairs can be found here: https://docs.google.com/spreadsheets/d/1EJWd09ZoliAnw_F45uEkmujvtzinZxMbCvPyhJT6-HY/edit?usp=sharing

Pools that meet the above criteria will be eligible to participate in the voting process to receive a pro-rata share of 100% of OLE designated to voting rewards. Each token pair will be capped at a maximum of 8% of the tokens up for grabs, equal to 8% of the total rewards.

Please note:

1. The rewards for each pool cannot exceed 8% of the total rewards, and if the votes exceed 8%, the team can make adjustments based on the total reward allocation.

2. Each voter may spread voting power across any number of choices.