SCCP 17: Reduce incentives for sETH/ETH Uniswap pool Source

AuthorIanC
Discussions-ToDiscord
StatusImplemented
Created2020-04-25

Simple Summary

Decrease SNX incentives for sETH/ETH Uniswap pool by half to 16,000 SNX per week

Abstract

32,000 SNX per week from inflation rewards are given to the sETH/ETH pool which incentivises liquidity provision to the sETH/ETH pair.

Motivation

To neutralise the debt pool skew exposure to ETH which currently stands at about 50% of outstanding synths. Currently there are incentives for holding iETH and providing liquidity into sUSD Curve pool so we should aim to reduce the overall total of SNX rewards given for various incentives.

Copyright and related rights waived via CC0.