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closedEnded a year ago · Onchain

MIP-R30 Rebalancing of Moonriver Token Liquidity Incentives

This is an automated proposal generated by the Moonwell Market Reward Adjustment Tool.

Submitter: Coolhorsegirl
Generator Version: 1.0.43
Generated At: Fri, 20 Dec 2024 04:01:07 GMT
Network: Moonriver
Block Height: 9,530,448

The submitter (Coolhorsegirl), as part of this proposal, will get 150,000 MFAM sent to their wallet at 0x7F953f11343408eBCcaEcd04eB0D1E6bacDEf87F.

Safety Module

At the time this proposal was generated there was 348,307,686 MFAM staked in the Safety Module, with a valuation of $435,760.13 (based on a MFAM price of $0.001251 pulled from SolarBeam).

This proposal, if executed, would adjust the rewards on the Safety Module to keep emissions the same and emits 2,431,211 MFAM over the next 28 days:

Current (estimated APR = ~9.11%):
- 1.0050 MFAM / second
- 86,828.95 MFAM / day
- 2,431,210.65 MFAM / reward cycle (28 days)
Proposed (estimated APR = ~9.11%):
- 1.0050 MFAM / second
- 86,828.95 MFAM / day
- 2,431,210.65 MFAM / reward cycle (28 days)

DEX Liquidity Pool Rewarder

At the time this proposal was generated there were 53,155,741 MFAM and 5,304 MOVR provided by liquidity providers in the SolarBeam MFAM/MOVR pool totaling $133,003.97.

This proposal, if executed, would adjust the rewards on the Dex Rewarder to keep emissions the same and emits 2,725,903 MFAM over the next 28 days:

Current rewards will expire at Fri, 27 Dec 2024 03:30:00 GMT

Proposed rewards will expire at Fri, 24 Jan 2025 03:30:00 GMT

Current (estimated APR = ~33.45%) days:
- 1.1268 MFAM / second
- 97,353.75 MFAM / day
- 2,725,905.00 MFAM / reward cycle (28 days)
Proposed (estimated APR = ~33.45%):
- 1.1268 MFAM / second
- 97,353.67 MFAM / day
- 2,725,902.85 MFAM / reward cycle (28 days)

Core Protocol Rewards

Below are the current markets supported by the Moonwell Protocol, along with the proposed adjustments to the reward outputs.

MOVR Market


Latest price	$12.54
Supplied	125,539.02 MOVR
Borrowed	3,961.64 MOVR
Supplied TVL	$1,574,026.58
Borrowed TVL	$49,671.56
Utilization	3.16%
MFAM Incentive Share	70%
MOVR Incentive Share	70%

Estimated APRs	Current	Proposed
Supply Side	9.02%	9.72%
Borrow Side	-0.0316%	-0.0316%

MFAM Incentives

	Current	Proposed
Supply Side	0.5938 MFAM / sec	0.6395 MFAM / sec
+7.14%	51,308.02 MFAM / day	55,254.79 MFAM / day
	1,436,624.47 MFAM / cycle*	1,547,134.05 MFAM / cycle*

Borrow Side	0 MFAM / sec	0 MFAM / sec
+0%	0 MFAM / day	0 MFAM / day
	0 MFAM / cycle*	0 MFAM / cycle*

MOVR Incentives

	Current	Proposed
Supply Side	0.0003 MOVR / sec	0.0003 MOVR / sec
+7.14%	25.91 MOVR / day	27.90 MOVR / day
	725.40 MOVR / cycle*	781.20 MOVR / cycle*

Borrow Side	0 MOVR / sec	0 MOVR / sec
+0%	0 MOVR / day	0 MOVR / day
	0 MOVR / cycle*	0 MOVR / cycle*

* Reward cycle is 28 days long

xcKSM Market


Latest price	$30.25
Supplied	18,233.10 xcKSM
Borrowed	7,230.74 xcKSM
Supplied TVL	$551,499.99
Borrowed TVL	$218,709.47
Utilization	39.66%
MFAM Incentive Share	25%
MOVR Incentive Share	25%

Estimated APRs	Current	Proposed
Supply Side	11.59%	10.00%
Borrow Side	-0.3974%	-0.3974%

MFAM Incentives

	Current	Proposed
Supply Side	0.2649 MFAM / sec	0.2284 MFAM / sec
-16.00%	22,891.27 MFAM / day	19,733.85 MFAM / day
	640,955.53 MFAM / cycle*	552,547.87 MFAM / cycle*

Borrow Side	0 MFAM / sec	0 MFAM / sec
+0%	0 MFAM / day	0 MFAM / day
	0 MFAM / cycle*	0 MFAM / cycle*

MOVR Incentives

	Current	Proposed
Supply Side	0.0001 MOVR / sec	0.0001 MOVR / sec
-16.00%	11.56 MOVR / day	9.96 MOVR / day
	323.64 MOVR / cycle*	279.00 MOVR / cycle*

Borrow Side	0 MOVR / sec	0 MOVR / sec
+0%	0 MOVR / day	0 MOVR / day
	0 MOVR / cycle*	0 MOVR / cycle*

* Reward cycle is 28 days long

FRAX Market


Latest price	$0.9957
Supplied	98,262.07 FRAX
Borrowed	91,019.62 FRAX
Supplied TVL	$97,844.06
Borrowed TVL	$90,632.42
Utilization	92.63%
MFAM Incentive Share	5%
MOVR Incentive Share	5%

Estimated APRs	Current	Proposed
Supply Side	21.82%	19.58%
Borrow Side	-14.37%	-14.37%

MFAM Incentives

	Current	Proposed
Supply Side	0.0548 MFAM / sec	0.0457 MFAM / sec
-20.00%	4,736.12 MFAM / day	3,946.77 MFAM / day
	132,611.49 MFAM / cycle*	110,509.57 MFAM / cycle*

Borrow Side	0 MFAM / sec	0 MFAM / sec
+0%	0 MFAM / day	0 MFAM / day
	0 MFAM / cycle*	0 MFAM / cycle*

MOVR Incentives

	Current	Proposed
Supply Side	0.0000 MOVR / sec	0.0000 MOVR / sec
-20.00%	2.39 MOVR / day	1.99 MOVR / day
	66.96 MOVR / cycle*	55.80 MOVR / cycle*

Borrow Side	0 MOVR / sec	0 MOVR / sec
+0%	0 MOVR / day	0 MOVR / day
	0 MOVR / cycle*	0 MOVR / cycle*

* Reward cycle is 28 days long

Definitions

MFAM - The Moonwell Apollo governance token

Liquidity Incentives - MFAM tokens that have been allocated for use as rewards to incentivize liquidity growth.

Core - Moonwell Apollo lending protocol (Moonwell: DeFi’s Liquidity Well).

DEX LP - Solarbeam’s MFAM/MOVR farm (Solarbeam - The DEX on Moonriver, powered by SOLAR).

Safety Module - Smart contract that allows users to stake their MFAM tokens in order to earn liquidity incentives and help backstop the Moonwell protocol.

Reward Speed - The rate at which MFAM tokens (on a per second basis) are distributed proportionally to DEX LPs, wallets staking in the Safety Module, and those supplying/borrowing on Moonwell.

Config Hash: 079f6412daf1e3c0372ea929b66307600dce96b0a5acdc3fcb477e6948295375

Proposal Config

{
  "_meta": {
    "generatedAt": "2024-12-20T04:00:47.730Z",
    "generatorVersion": "1.0.43"
  },
  "snapshotBlock": 9530448,
  "safetyModuleInfo": {
    "totalStaked": "348307685.503691317489525174",
    "stakedTVL": "435760.13242455059124802367614894646243491783126788",
    "govTokenPrice": "0.00125107814314919119009062",
    "emissions": {
      "emissionsPerSecond": "1.004964719742063492",
      "lastUpdateTimestamp": 1734652044,
      "emissionAPR": "9.105246872135423864",
      "emissionsPerYear": "31714274.6397321428551392"
    }
  },
  "dexInfo": {
    "govTokenTotal": "53155741.012180496915402585",
    "nativeAssetTotal": "5303.97298553297747483",
    "govTokenPrice": "0.00125107814314919119009062",
    "nextFreeSlot": 49,
    "emissionsPerYear": "35558457.1874999999719488",
    "poolTVL": "133003.9715264761693257530544605236926156999322527",
    "currentPoolAPR": "33.447428735262926683",
    "currentPoolRewardInfo": {
      "startTimestamp": 1732851000,
      "endTimestamp": 1735270200,
      "rewardPerSec": "1.126779513888888888"
    }
  },
  "marketData": {
    "assets": {
      "MOVR": {
        "price": "12.53814564",
        "totalSuppliedUnderlying": "125539.024876727311835616999744214357052313",
        "totalSuppliedTVL": "1574026.57740799008236066168205280235610086149286532",
        "totalBorrows": "3961.635214504838965477",
        "totalBorrowedTVL": "49671.55929201431143389755807028",
        "utilization": "0.03155700164466750788",
        "baseSupplyAPR": "205257",
        "baseBorrowAPR": "10006659",
        "govSupplySpeed": "593842788938492063",
        "govBorrowSpeed": "1",
        "nativeSupplySpeed": "299851190476190",
        "nativeBorrowSpeed": "1",
        "nativeSupplyBorrowSplit": {
          "SUPPLY": 1,
          "BORROW": 0
        },
        "govSupplyBorrowSplit": {
          "SUPPLY": 1,
          "BORROW": 0
        }
      },
      "xcKSM": {
        "price": "30.24718841",
        "totalSuppliedUnderlying": "18233.099284040557999964659985804757",
        "totalSuppliedTVL": "551499.98934261086390646384393222441045326637",
        "totalBorrows": "7230.737228266879",
        "totalBorrowedTVL": "218709.47128658946687567239",
        "utilization": "0.39657203175523468682",
        "baseSupplyAPR": "32415364",
        "baseBorrowAPR": "125752166",
        "govSupplySpeed": "264945244295634920",
        "govBorrowSpeed": "1",
        "nativeSupplySpeed": "133779761904761",
        "nativeBorrowSpeed": "1",
        "nativeSupplyBorrowSplit": {
          "SUPPLY": 1,
          "BORROW": 0
        },
        "govSupplyBorrowSplit": {
          "SUPPLY": 1,
          "BORROW": 0
        }
      },
      "FRAX": {
        "price": "0.99574597",
        "totalSuppliedUnderlying": "98262.068535803111193294999661738899360444",
        "totalSuppliedTVL": "97844.05874838974868418538693432787223039769041068",
        "totalBorrows": "91019.62383065312572661",
        "totalBorrowedTVL": "90632.4236202888124101752292617",
        "utilization": "0.9262946036749561916",
        "baseSupplyAPR": "2563978890",
        "baseBorrowAPR": "4258453946",
        "govSupplySpeed": "54816257440476190",
        "govBorrowSpeed": "1",
        "nativeSupplySpeed": "27678571428571",
        "nativeBorrowSpeed": "1",
        "nativeSupplyBorrowSplit": {
          "SUPPLY": 1,
          "BORROW": 0
        },
        "govSupplyBorrowSplit": {
          "SUPPLY": 1,
          "BORROW": 0
        }
      }
    },
    "totalTVL": "2223370.625498990694951310912919354638784525553276",
    "govRewardSplits": {
      "MOVR": 0.7,
      "xcKSM": 0.25,
      "FRAX": 0.05
    },
    "nativeRewardSplits": {
      "MOVR": 0.7,
      "xcKSM": 0.25,
      "FRAX": 0.05
    }
  },
  "config": {
    "daysPerRewardCycle": 28,
    "rpc": "https://rpc.api.moonriver.moonbeam.network",
    "govTokenName": "MFAM",
    "nativeTokenName": "MOVR",
    "networkName": "Moonriver",
    "dexName": "SolarBeam",
    "govTokenUniPoolAddress": "0xE6Bfc609A2e58530310D6964ccdd236fc93b4ADB",
    "ecosystemReserve": "0xbA17581Bb6d89954B42fB84294e476e97588908B",
    "treasuryAddress": "0x5d6C4DCb86b8A761C062a5274a77AaD5F7209AA3",
    "dexPoolID": 11,
    "submissionRewardAmount": 150000
  },
  "responses": {
    "name": "Coolhorsegirl",
    "network": "Moonriver",
    "mipNumber": "R30",
    "componentSplits": {
      "ALL_MARKETS": 0.3,
      "SAFETY_MODULE": 0.33,
      "DEX_REWARDER": 0.37
    },
    "emissionAmounts": {
      "0": 7367305,
      "1": 1116
    },
    "submitterWallet": "0x7F953f11343408eBCcaEcd04eB0D1E6bacDEf87F"
  }
}

Connect Wallet to Add Note

Votes 21

Voter	Cast Power	Vote & Rationale
0x4319...f8D250	16.938M	FOR
0x80f3...f04e06	9.065M	FOR
Coolhorsegirl	2.465M	FOR
0x3946...E60E86	2.172M	FOR
0x1330...5C1AF7	1.718M	FOR

VOTE POWER

Connect Wallet

Proposal Status

Fri December 20 2024, 10:54 amPublished Onchain Coolhorsegirl
Fri December 20 2024, 10:55 amVoting Period Starts
Mon December 23 2024, 10:55 amEnd Voting Period
Queue Proposal
Execute Proposal

Current Results

1-FOR

35.787M

99.91%

2-ABSTAIN

33,547.74

0.09%

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Moonwell

MIP-R30 Rebalancing of Moonriver Token Liquidity Incentives

Safety Module

DEX Liquidity Pool Rewarder

Core Protocol Rewards

MOVR Market

MFAM Incentives

MOVR Incentives

xcKSM Market

MFAM Incentives

MOVR Incentives

FRAX Market

MFAM Incentives

MOVR Incentives

Definitions

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Proposal Status

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