Sushi

SIP-1: Adjust Reward Weight for SUSHI-ETH LP Pool

A number of community members have suggested that we should adjust reward weight (currently 2x) for the SUSHI-ETH LP Pool. What should the weight be?

SUSHI-ETH LP stakers are the ones with highest skin in the game. They are providing liquidity to $SUSHI token and should be rewarded properly. They are also most likely the first pool to migrate from Uniswap to SushiSwap. Increasing the weights incentivizes people to stay in the pool for long run.

Increasing the value too high will naturally make rewards on other LP pools lower (because the total number of $SUSHI minted is limited). This is not good because liquidity and trading volumes are what matters for SushiSwap and $SUSHI tokens in long run.

Once the vote is done, Chef Nomi will take the weighted average value and implement the change by invoking MasterChef “set” function through the Timelock contract.

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Chef Nomi trusts you guys, so please vote responsibly and reasonably.

As a reminder, voting opens for 24 hours. Voting power is determined by SUSHI-ETH LP staked in the MasterChef contract at ~7-8 hours (2000 blocks) after the proposal is proposed. Once approved, Chef Nomi will be implementing the change through the Timelock contract. Changes submitted by Chef Nomi are always subjected to a 48-hour time delay.