APWine

Summary: Stop the Sushi rewards and redeploy part or all of it on a new Curve V2 pool.

Context: A few weeks ago, @remilm started a dicussion on creating a factory pool and redirecting the sushi rewards on votium bribes. Considering that Tokemak owns 95% of the Sushi liquidity, this pool doesn’t need incentives anymore. The goal of this proposal would be to use part or all the Sushi LM budget to bootstrap the liquidity on a new Curve v2 LP APW/ETH.

Once there’s enough liquidity the goal will be to add a gauge to the controller to earn CRV.

Some community members also mentioned to use part of the sushi rewards for a new LM program on another chain.

Rationale: This proposal aims to deploy a factory pool APW/ETH on Curve V2 and use the Sushi rewards to bootstrap the pool. Even if tokemak isn’t supporting Curve v2 LPs at the moment, they might in the future.

The current Sushi rewards represent 250K APW/year, which could be partially or totally redirected to the Curve LP.

In this proposal I suggest to vote about stopping the Sushi LM and Deploying the factory pool, then create another proposal to discuss new LM programs

Technical implementation: Deploy the Curve factory pool Stop sending the rewards to the Sushi contract

Means: No extra expenses

Voting options: Yes, Stop sushi LM & Deploy a curve v2 factory pool Only Stop the sushi LM Only Deploy a Curve v2 factory pool No, Don’t stop the LM or deploy a factory pool Abstain