closedEnded 5 years ago · Snapshot (Offchain)
Update LP Rewards Next Cycle
By 0xb3Ab...03B847Continue Reading
Background
Per Proposal #QmRnnRA, Uni-V2 ETH-$DG LP rewards are 700 $DG/week 2/9 - 3/15. On 2/9, $DG was ~$80 and we had ~$3M in liquidity. Today, we provide > $900K liquidity ourselves, $DG is ~$280, and we have ~$8M in liquidity.
Proposal
3/16 - 4/19, set Uni-V2 ETH-$DG LP rewards to 500 $DG/week. LP rewards savings vs. initial allocation accrue to the Ecosystem Fund.
Rationale
Given the > 3x price appreciation in $DG, it makes sense to reduce somewhat the $DG_count of LP rewards. APY will still be ~90%, which is ~2x Gov APY, well-compensating liquidity providers for IL risk.
Connect Wallet to Add Note
0Votes 22
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xEA5F...d6A360 | 7,728 | YES |
 0x7146...f38ff9 | 5,537 | YES |
 0x5E42...3866C2 | 5,427 | YES |
 0xb3Ab...03B847 | 4,600 | YES |
 0x3FDf...D20ac2 | 1,108 | YES |
VOTE POWER
0
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Proposal Status
- Mon March 08 2021, 08:00 pmVoting Period Starts
- Sun March 14 2021, 07:00 pmEnd Voting Period
Current Results
1-YES
27,380.689
2-NO
50