Pickle DAO

Author: 0xBoxer

This proposal seeks to shift the rewards for PJar 0b (renBTC) to the newly established PJar 0.99 BAC/DAI.

Pjar 0b is earning the Protocol next to nothing and can be seen as a very expensive marketing tool at the moment. This is something we can no longer afford and this Jar will most likely never generate substantial profits for us.

Therefore this Proposal seeks to divert the 8% of emissions which are currently being awarded to the PJar 0b to Pjar 0.99 to attract more AUM/TVL.

For numbers on PJar 0b: https://pickle-analysis.netlify.app/

This will probably lead to a drop in TVL(renBTC leaving), but at the same time it will lead to an increase in profits for the Pickle Protocol at whole since Pjar 0.99 is on track to generate substantial profits. Increasing the TVL in this actually profitable jar needs to be achieved at all costs and sacrificing the renBTC Jar for this very reason is a good decision in my mind.

to summarize: stop the emissions to the BTC jar in order to attract more TVL for the new DAI/BAC JAR.

Risks Basis Cash is a new protocol that could still fail, but the risks/rewards are pretty favorable and depositors take on that risk on their own. This proposal merely seeks to attract even more TVL to that Jar.

The worst case is loosing the little income we were generating from PJar 0b, the upside is gaining further TVL for PJar 0.99 which is actually generating substantial fees for the protocol.

Forum Discussion: https://forum.pickle.finance/t/introduce-a-pickle-farm-for-pjar-0-99-bac-dai/869/10