APGP 2: Enable gauges for APW rewards
Summary: This proposal is about creating a gauge for the community to distribute APW rewards.
Context: The liquidity mining program started two months ago, with a 2M APW distribution each quarter. However until now, the rewards were split fairly between all pools (PT/Underlying and PT/FYT).
Enabling a gauge to vote on APW rewards distribution each week would kickstart the APWAR, as every project would have an interest to buy and lock APW to boost their own pool rewards.
Rationale: This proposal is about allowing veAPW holders to vote on the APW rewards distribution across the different pools. Apwine is currently rewarding users on mainnet and Polygon to deposit liquidity in the PT/Underlying and PT/FYT pools. The total amount of rewards distributed over a week is currently 166.66K APW/week.
If the gauge is approved, the distribution of the 166.66K APW would be decided by veAPW holders every week, who would have the power to allocate a percentage of the rewards on different pools or to return part of the APW to the DAO, which would reduce the current incentives.
Means: Current liquidity mining program: 166.66K APW/week
Implementation: Setup of the new UI to vote on the gauges.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xA3Dd...4696d4 | 3.279M | Yes, enable gauges |
 0x9824...dEA969 | 1.385M | Yes, enable gauges |
 0xB753...92638a | 1.113M | Yes, enable gauges |
 0xAA7A...e87d66 | 943,338 | Yes, enable gauges |
 0xE171...919de4 | 640,716 | Yes, enable gauges |
VOTE POWER
Proposal Status
- Sat February 26 2022, 10:00 pmVoting Period Starts
- Fri March 04 2022, 10:00 pmEnd Voting Period
Current Results
1-Yes, enable gauges
9.11M