[PROP # 18] AMM Incentives # 4

AMM incentives # 4

Proposal

This proposal is for the automated streaming of DYM tokens to liquidity providers of specified liquidity pools. This proposal sets out to release 67,000 DYM from the incentive manager with tokens distributed linearly over one month from the passing of this proposal. This is set to be released upon the completion of the current incentive distribution (AMM Incentives #3).

Context

The primary goal of this incentive proposal is to reduce DYM allocations and maintain competitive yields.

Pool ID Base Asset Quote Asset Total DYM Rewards
002 DYM USDC 25,000
005 DYM USDT 15,000
003 DYM TIA 10,000
004 DYM ATOM 10,000
009 DYM ETH 5,000
008 DYM WBTC 2,000

Governance votes

The voting period for this proposal as set on genesis is 5 days beginning from the time of deposit. The following items summarize the voting options and what it means for this proposal:

  • YES
  • NO
  • NO WITH VETO - A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Dymension, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Dymension governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the deposits are burned.
  • ABSTAIN - You wish to contribute to quorum but you formally decline to vote either for or against the proposal.
19 Likes

VNBnode voted YES for this proposal.

3 Likes

SAMANVAY supports this proposal

4 Likes