Implement Emission rate for Fantom LPs
Simple Summary Update the current emission rate to complement the protocol deployment on Fantom.
Abstract At this time, Premia’s emission rate is currently 1.8M PREMIA per year (~0.75 PREMIA per mainnet block). With the release of the protocol on the Fantom network, it may make sense to incentivize these new pools with Liquidity Mining rewards. To ensure alignment of vision and incentives between Liquidity Providers, Holders, and the Protocol, a multiple choice selection for Fantom emissions is being presented.
Specification and Implementation The current emission schedule is as follows:
Ethereum L1: 600k (33% of 1.8M) PREMIA per year (~0.25 PREMIA per block) Arbitrum: 1.2M (66% of 1.8M) PREMIA per year (~0.5 PREMIA per block)
With the release of the protocol on the Fantom network, Premia would implement one of the following emission schemes:
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Increase total emissions from 1.8M to 3M, giving the additional 1.2M PREMIA per year (~0.5 PREMIA per block) to Fantom LPs, bringing the new split between Mainnet / Arbitrum / Fantom to 20% / 40% / 40%, respectively
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Split existing 1.8M PREMIA (~0.75 PREMIA per mainnet block) emissions between Mainnet / Arbitrum / Fantom w/ a 15% / 50% / 35% split
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Split existing 1.8M PREMIA (~0.75 PREMIA per mainnet block) emissions between Mainnet / Arbitrum / Fantom w/ a 25% / 50% / 25% split
-
No change to emission rates (no Liquidity Mining rewards for Fantom LPs)
This agreed upon emission rate would go active with the release of the protocol on the Fantom network.
Motivation Continue to provide emissions that reflect and align with Premia’s long term vision, prevent unnecessary dilution, and provide sustainable reward systems.
Choices:
- Increase emissions by 1.2M PREMIA per year to incentivize Fantom LPs (20% Ethereum L1 / 40% Arbitrum / 40% Fantom)
- Split existing emissions 15% Ethereum L1 / 50% Arbitrum / 35% Fantom
- Split existing emissions 25% Ethereum L1 / 50% Arbitrum / 25% Fantom
- No change to emissions (no liquidity mining rewards for Fantom LPs)
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xdC21...dff5Da | 711,960 | Keep emissions (25/50/25) |
 0xEc62...1d0862 | 343,470 | Keep emissions (25/50/25) |
 0x8A4A...dbF14B | 140,011 | Keep emissions (15/50/35) |
 0x6255...912926 | 81,000 | Keep emissions (25/50/25) |
 0x0e29...74C535 | 68,377 | Keep emissions (15/50/35) |
VOTE POWER
Proposal Status
- Tue April 26 2022, 10:10 pmVoting Period Starts
- Fri April 29 2022, 09:59 amEnd Voting Period
Current Results
1-Keep emissions (25/50/25)
1.245M
2-Keep emissions (15/50/35)
244,521.841
3-- Increase emissions (20/40/40)
11,898.539