Instadapp

Summary:

This proposal extends the Fluid launch rewards for the USDC and USDT lending markets by an additional month. The extension aims to maintain engagement and competitive conditions within the Fluid ecosystem.

Code Changes:

Extend Rewards for USDC and USDT Markets:

• fUSDC: Additional 165k USDC + 80k INST for 30 days
  • Updates to fUSDC reward contract: 0x2005617238a8E1C153D19A33fd32fB168f3626e7
• fUSDT: Additional 165k USDT + 80k INST for 30 days
  • Updates to the fUSDT reward contract: 0x2005617238a8E1C153D19A33fd32fB168f3626e7
• Transfer 300 stETH and 160k INST from the Instadapp Treasury to the Team Multisig to prepare Rewards

Description:

This proposal aims to sustain the initial momentum generated by the Fluid launch by extending the rewards program for both USDC and USDT lending markets. By maintaining the reward distribution at the same rate for an additional month.

To facilitate the rewards, this proposal will move 300 stETH and 160k INST from the Instadapp Treassury to the Team’s Avocado Multisig: 0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e to prepare rewards. Any and all unused funds will be returned to the Treasury.

Conclusion:

The extension of the Fluid Launch rewards program for USDC and USDT lending markets is designed to ensure continued market stability and attractiveness for another month, thereby supporting sustained user engagement and liquidity provision.

Forum Link: Extend Fluid Launch Rewards for USDC and USDT