Indexed

Per this forum thread: https://forum.indexed.finance/t/proposal-transfer-additional-staking-rewards-to-masterchef-liquidity-mining-contract/825

The NDX liquidity program introduced in May 2021 [ https://ndxfi.medium.com/introducing-the-extended-ndx-liquidity-mining-program-ae30a0470001 ] reached its first ‘checkpoint’ a few months ago (where all NDX that had been transferred to the staking contract had been allocated to liquidity providers).

We’re now at the stage where the DAO needs to decide whether it wishes to either:

• Continue this program as it is by moving 600,000 NDX from the Treasury to the staking contract, which will cover all existing obligations and further ones until early July 2022, or
• Terminate the program prematurely, moving over just enough NDX to meet current obligations and then ending rewards for liquidity provision in its current form. We would have to calculate how much NDX this would be exactly, but estimate it would be ~280,000 NDX.

The hack of October 2021 significantly changed the ‘layout’ of the liquidity mining program, in that it destroyed DEFI5 and CC10 - two of the largest pools - and prompted rewards to be shut off for all associated pools.

As it stands, rewards are still running for DEGEN-ETH, NFTP-ETH and ORCL5-ETH, as well as single-sided DEGEN.

The DAO is within its rights to decide at this stage whether the program has met its purpose or should be replaced with some - as yet undetermined - mechanism in the future.

For discussion on this vote and the topic writ large, please use the forum thread linked at the start of this text.

This vote will run for one week as a simple choice between the two options. Whichever option has the most votes at the end of the voting period will be taken as the will of the DAO.