Proposal Summary
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Apply the volume-weighted LP-mining rewards for all these pools starting from block 10908502:
Balancer pool: /pool/0xbd7a8f648262b6cb29d38b575df9f27e6cdecde1/
Balancer pool: /pool/0x10d9b57f769fbb355cdc2f3c076a65a288ddc78e/
Balancer pool: /pool/0x1af23b311f203844108137d6ee399109e4981401/
Uniswap: /pair/0x12d4444f96c644385d8ab355f6ddf801315b6254
Rewards will remain the same at 91,000 CVP weekly (2 per block). -
Apply vesting to all rewards from week 2 onwards with a 10-week release schedule. An exception should be made for week 3 rewards released to the BPT/UniV2 LP staking contract from block 10868783 up to a block number that will be defined at a later date, taking into account the time that is needed to discuss and and implement the changes of the proposal.
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Weeks to be defined by the following blocks:
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Week 2: From block 10794752 to block10840252
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Week 3: From block 10840253 to block 10868782
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Weeks 4-6: From block 10908502 to block 11045002
Disclamer: each proposal couldn’t make everyone happy and we need more complex decisions, for example proposal batches with 2-5 proposals to vote simultaneously.
According to this proposal motivation part with concerns about PowerPool future developments including the price of token let me make some corrections.
As mentioned in that proposal we need to increase liquidity on Uniswap by removing 3 Balancer pools from LP rewards program and lock LP rewards for 12 weeks.
But a lot of early supporters lock the liquidity in these pools. Even if these pools almost unuseful its not right to just disable them. And I understand that 50/50 pools are even more risky comparing to others.
My point on this is to redesign LP-mining rewards this way:
Rewards will remain the same at 91,000 CVP weekly (2 per block).
Starting from eth block 10908502 LP-mining rewards remains for all the pools including Balancer ones but with a proportional distribution according to the pools trading volume.
Props: Better liquidity on Uniswap pool as it has the largest volume and so the largest LP rewards.
Balancer 50/50 pool LP-s could easily switch to the Uniswap pool
95/5 and 10/90 pool supporters choose to stay in these pools only for balancer comissions and BAL tokens with less CVP LP rewards or to slowly migrate to Uniswap pool to obtain full-sized LP-mining rewards from PowerPool while helping to make a deep liquidity on Uniswap.
x10 LP-mining rewards should not be released instantly as its not some farm project. So the second part of JacksonHall proposal remains the same but with maybe slightly less lock periods.
Also we need to discuss these questions to to allow our community to be confident at least in the near future:
-the extension of 10x LP-mining rewards for a longer period
-some delays or other similar proposals for beta and gamma release shedules.
-some kind of staking with locks to the project believers who dont want to participate in liquidity mining programs and risk their own capital (might be applied to the part of beta and gamma round rewards).