Introduction After the launch of the ZUN governance token, ZUN emissions have been used for bribes on vote markets, while Omnipool revenues were redirected to ZUN stakers instead. This approach has shown a certain inefficiency, which is why we propose reverting to the architecture that successfully operated before the launch of the governance token.
Problems 🔸 Massive and recurring sell pressure on ZUN emissions every week due to vote markets (ZUN emissions being used for bribes). 🔸 High marketing costs required to promote ZUN staking yields (the system should not depend on the marketing budget). 🔸 Volatility in zunStables' yield due to fluctuations in ZUN price.
Proposed Solution ✅ Redirect earned rewards from Omnipools to bribes on Votium. ✅ Direct ZUN tokens from the ZUN distributor to the Earn section (for staking Curve LP tokens) and to ZUN stakers.
Advantages Eliminates the sell pressure from vote markets (estimated to be 85%–100% of sell pressure). Ensures sustainable long-term growth and provides stable and predictable yield for users through the flywheel effect. More stable returns for liquidity providers, as yield will no longer be tied to ZUN price volatility (crucial for LPs). 20% performance fee from Omnipool rewards can be allocated to ZUN stakers. Incentivizes LP tokens in Zunami Earn, attracting more liquidity providers and boosting Curve yield Protocol revenues should primarily drive TVL growth by incentivizing our pools.
Implementation 🔹 Create a separate Reward Manager for each Omnipool, distributing rewards as follows: 80% to Votium (via whitelisted gauges) 20% to ZUN stakers via a recapitalizer
🔹 Add new gauges to the ZUN Distributor, accepting Curve LP tokens.
This proposal aims to remove sell pressure on ZUN, stabilize yield, grow TVL, and ensure a sustainable long-term ecosystem.