[PIP-38] To migrate PICKLE:ETH UNI LP to Masterchef V2 in Sushiswap
Abstract
This proposal, if passed, would migrate the PICKLE emission from PICKLE:ETH UNI LP to PICKLE:ETH SLP within Masterchef v2 in Sushiswap.
This move will strengthen our partnership with Sushiswap team and provide the opportunity for PICKLE:ETH SLP providers to earn double rewards in the form of PICKLE + SUSHI. This move also offers the current PICKLE:ETH UNI LP to move away from Uniswap v2 and into Sushiswap, while new strategy is being developed for Uniswap v3.
Double Rewards & Total Value Locked (TVL)
With the Masterchef v2, PICKLE:ETH SLP will receive double rewards in the form of PICKLE and SUSHI emissions. Sushiswap team has kindly agreed to allocate 25 allocPoint for the LP and PICKLE will continue to incentivize the LP with 150 allocPoint.
Some math for the PICKLE:ETH SLP rewards: SUSHI reward = 0.02026178222636463103294565790007 SUSHI per block PICKLE reward = 0.01125 PICKLE per block
The estimated APR per PICKLE:ETH pool size is below:
| LP | Pool Size | APR |
|---|---|---|
| PICKLE:ETH | $1,000,000 | 87.99% |
| PICKLE:ETH | $2,500,000 | 35.20% |
| PICKLE:ETH | $5,000,000 | 17.60% |
*Rewards = [allocPoint / totalAllocPoint * sushiPerBlock] + [allocPoint / totalAllocPoint * picklePerBlock]
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x90E5...2A0b66 | 22,347 | Move from UNI to Sushi |
 0x255a...8075CA | 9,565 | Move from UNI to Sushi |
 0xb1f5...49Bcf6 | 6,174 | Move from UNI to Sushi |
 0x6BfF...b4b08A | 5,079 | Move from UNI to Sushi |
 0x5c4D...45c307 | 3,901 | Move from UNI to Sushi |
VOTE POWER
Proposal Status
- Mon June 07 2021, 04:00 amVoting Period Starts
- Wed June 09 2021, 04:00 amEnd Voting Period
Current Results
1-Move from UNI to Sushi
63,829.812