FeedProjects
Developers
Settings
๐ŸŽ‰ A new chapter begins: Boardroom has joined Agora
Learn more
protocol logo
Explore / Projects
SpookySwap

Proposals

Members

Information

Create Proposal

SpookySwap

ProposalsMembersInformation
Proposal
Back to Proposals
closedEnded 4 years ago ยท Snapshot (Offchain)

Prop-019 - New Farms and Farm adjustment!

By 0x9547...A57380

This new proposal aims at adding a new type of BOO farm, BOO-USDC and a new farm APE-FTM, APE is the governance token of the Bored Ape Yacht Club, more info here: https://apecoin.com/ and has had extremely high volume, something we are hoping to attract to Spooky!

The BOO-USDC farm has a lot of key benefits: More Stable BOO price as there is now arbitrage between the BOO-FTM and BOO-USDC pair Cheaper for people to buy BOO with USDC, normally to buy BOO with USDC you route through FTM-USDC, which results in a net cost of 0.4% (two swaps at 0.2% each). With this new pair, people can buy BOO for less which can make it more enticing. Additional yield to BOO holders, this farm will raise the % of Farm rewards directed to BOO pairs, raising the amount of inflation directed towards those more likely to hold BOO.

New FarmWeight (new)
BOO-USDC3x
APE-FTM0.5x

This Prop also comes with adjusting existing farms, these adjustments are based on 30d volume and liquidity, some of which are expired partnered staking pools.

The resulting net farm changes is a reduction of 2.3x weight! Freeing up this 2.3x worth of weight will allow us to add more partnered staking pools, and in the meantime means an APR boost for all other farms by 3% (multiplicatively)

FarmWeight (old)Weight (new)
AAVE-FTM0.2x0x
DOLA-FTM0.2x0x
HND-FTM0.4x0x
DAI-FTM3.7x3.5x
ETH-YFI1.1x1x
FTM-MULTI0.4x0.3x
FTM-BRUSH0.4x0.3x
ICE-FTM1x0.2x
BNB-FTM2.8x2x
MATIC-FTM0.5x0.3x
SUSHI-FTM0.7x0.4x
SPELL-FTM1x0.8x
LINK-FTM1.5x1.3x
BOO-FTM30x28x
Continue Reading
Connect Wallet to Add Note
0
Votes 164
VoterCast PowerVote & Rationale
0x1b51...AA9Fac
434,978

Aye

0x28aa...AD0108
153,943

Aye

0x4CAe...FA3C2D
90,295

Aye

0xF49E...753D22
26,012

Aye

0xb7dd...E8633c
21,738

Aye

SHOW MORE
VOTE POWER
0
Connect Wallet
Proposal Status
  • Tue March 22 2022, 09:36 pmVoting Period Starts
  • Fri March 25 2022, 03:00 pmEnd Voting Period
Current Results

1-Aye

804,720.033

99.88%

2-Nay

928.651

0.12%
DocumentationBrandingContact Us
Home
This Project is Currently Disabled

If you would like to enable it, please checkout below.

Boardroom Subscription

Sign up for an individual subscription (access all projects on the platform)

Subscribe
Enable Project

Enable the entire project for every user

Enable Project
Contact Us