We propose to change the reward threshold from 80th percentile to 95th percentile to attract more liquidity. Pools above the 80th percentile must fulfil the additional requirement of having at least one token of the allow-list (see below).
More liquidity increases trades and with it the revenue. We should aim to attract as much liquidity as possible.
Changes
- Rewards threshold to 95th percentile from 80th percentile.
- Adding an allowlist consists of ADA, USDM, DJED and iUSD. Any pools above the 80th percentile must have one of these assets to receive rewards.
- Give Sundae Labs the power to disallow pools it deems abusive to the system, until a governance vote can be held.
The allow-list and the master key for Sundae Labs is a safety net so that nobody can misuse the system.
Summary
We considered many options, and filtered it down to a few popular options below:
- Vote No Change to make no change to the parameters of the program
- Vote Adjust pool rewards threshold to 95th percentile with the additional requirements to adjust the parameters so that additional pools receive rewards to attract liquidity.
Conclusion
Please indicate below whether you would like to see an on-chain vote for this proposal. Per the governance procedures, once we receive 20 “Interested” votes, we will create the on-chain proposal for voting
- Interested
- Uninterested
0
voters