SCCP-17: Reduce incentives for sETH/ETH Uniswap pool
| Author | IanC |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2020-04-25 |
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
Copyright and related rights waived via CC0.