Community Voting for Epoch 21 Borrowing Market Incentives

In order to motivate users to borrow to increase the utilization of the lending pool and the trading volume of the trading market, the borrowing markets will need to be incentivized or bootstrapped with a base amount of OLE rewards to drive sustained activity on the platform.

Borrowing Incentive Allocations

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

Qualifying for Borrowing 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#gid=1859878834

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.