A Further Step Towards More Equitable LP Rewards
We propose:
a) Changing the weights for non BTC/ETH markets to v = 0.6, d = 0.35, and s = 0.05. b) For BTC/ETH, v= 0.8, d = 0.15, s = 0.05 c) Reducing the amount paid for BTC/ETH to 10%/10% rather than 20%/20%, thus giving 80% to the other markets.
The main direction then is to increase weight towards the Volume term that was added last time by Wintermute’s proposal, as well as acknowledge the maturity of BTC/ETH markets and the lower need there to incentivize book-quoting.
Over time as other markets mature we can move further on towards even more simple volume weighting.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 Wintermute Governance | 11.438M | Revise weights, BTC/ETH to 10/10 |
 Reverie | 5.428M | Revise weights, BTC/ETH to 10/10 |
 0x683a...D26C02 | 2.5M | Revise weights, BTC/ETH to 10/10 |
 FranklinDAO (Prev. Penn Blockchain) | 2.5M | Revise weights, BTC/ETH to 10/10 |
 0xc78f...8d8c7e | 312,464 | Revise weights, BTC/ETH to 10/10 |
VOTE POWER
Proposal Status
- Wed August 10 2022, 08:12 pmVoting Period Starts
- Sun August 14 2022, 08:12 pmEnd Voting Period
Current Results
1-Revise weights, BTC/ETH to 10/10
22.762M
2-No changes
11,857.5