SCCP-42: Lower rewards on Curve to SNX 8,000
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2020-08-31 |
Simple Summary
Propose to decrease the SNX rewards paid to incentivize the Curve sUSD pool to SNX 8k per week.
Abstract
There is currently a premium on sUSD compared to other stable coins on Curve. Decreasing the SNX incentive paid might slightly reduce the farming incentive on curve.
Motivation
The recent premium on the sUSD peg on Curve calls for action as traders feel a disincentive in paying the premium to partake in trading.
Copyright
Copyright and related rights waived via CC0.